Mathematics, 06.05.2020 02:09 bellam302
1. A gambler makes 100 column bets at roulette. The chance of winning on any one play is 12/38. The gambler can either win $ 5 or lose $2 on each play.
a) Find the expected total amount of the gambler's win.
b) Find the standard deviation for the total amount of the gambler's win.
c) Use the normal distribution to estimate the probability that, in total, the gambler wins at least $1. (Note: Is it necessary to use the continuity correction? )
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1. A gambler makes 100 column bets at roulette. The chance of winning on any one play is 12/38. The...
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