User Account

All Pages

What are mean and standard deviation of the casino’s profit

Assignment Help Basic Computer Science
Reference no: EM131382328

Casino. A casino knows that people play the slot machines in hopes of hitting the jackpot but that most of them lose their dollar. Suppose a certain machine pays out an average of $0.92, with a standard deviation of $120.

a) Why is the standard deviation so large?

b) If you play 5 times, what are the mean and standard deviation of the casino's profit?

c) If gamblers play this machine 1000 times in a day, what are the mean and standard deviation of the casino's profit?

d) Is the casino likely to be profitable? Explain.

Reference no: EM131382328

Questions Cloud

What biblical principles are demonstrated : Are the institution's values culturally appropriate for its population? What biblical principles are demonstrated (irrespective of whether biblical considerations are expressed in the organization's mission and values)
Should employees have freedom of conscience why or why not : BUS 323- Should employees have freedom of conscience? Why or Why Not? Considering the long-term effects on employees on employees of blowing the whistle, when should they engage in whistleblowing tactics?
Calculate allowable axial load for square pin ended timber : Use a spreadsheet to calculate allowable axial load for a square pin-ended timber column. Vary the effective slenderness ratio from 0 to 50 in steps of 2.0.
Program that calculate the allowable axial compressive load : Write a program that will calculate the allowable axial compressive load for an S4S square timber column (4 in. by 4 in. minimum) for lengths ranging from 0 to the maximum allowed (in 2-ft increments).
What are mean and standard deviation of the casino’s profit : Casino. A casino knows that people play the slot machines in hopes of hitting the jackpot but that most of them lose their dollar. Suppose a certain machine pays out an average of $0.92, with a standard deviation of $120.
What could have been done to prevent the chronic condition : What could have been done to prevent the chronic condition? Knowing what you do about different approaches to medicine (traditional and CAM), what practice would you suggest? Would it be a combination of the two? Provide specific details
Write a program that will calculate the euler buckling load : Write a program that will calculate the Euler buckling load for a given column and check whether Euler's formula is applicable.
Design a square or rectangular : Design a square or rectangular (2-in. nominal increments) pinconnected southern pine column (S4S). The unbraced length of the column is 16 ft.
How much more cereal do you expect to be in the large bowl : The amount of cereal the manufacturer puts in the boxes is a random variable with a mean of 16.3 ounces and a standard deviation of 0.2 ounces. Find the expected amount of cereal left in the box and the standard deviation.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Explore the use of the kullback-leibler divergence

Correspondingly, let qk|α denote the actual (true) value of the conditional probability that the proposition k is true, given the input case α.The KLD for the multilayer perceptron is defined by

  Continuing the design of solution for ecpi emr

You are continuing the design of your solution for ECPI EMR. Use Microsoft Word (via XenDesktop if necessary). ECPI EMR has one central IT infrastructure office, with components of the Active Directory distributed through four other locations. Cond..

  Prudent level of debt will protect companies

Research "prudent level of debt" for one of the following companies: Hershey Foods, Verizon, AT &T or EG&G. Discuss how a prudent level of debt will protect companies from financial distress and ensure access to money and capital markets under mos..

  A network analyzer displays the following ip datagram

A network analyzer displays the following IP datagram that carries a UDP segment. Use the IP and UDP headers to answer the following questions

  Program that prints its perimeter and area

A given company has name, address, phone number, fax number, web site and manager. The manager has name, surname and phone number. Write a program that reads information about the company and its manager and then prints it on the console.

  What is the probability of net loss of the whole packet

Suppose an IP packet is fragmented into 10 fragments, each with 1% (independent) probability of loss. To a reasonable approximation, this means there is a 10% chance of losing the whole packet due to loss of a fragment. What is the probability of net..

  Write program that reads length and width of a rectangular

Write a program that reads in the length and width of a rectangular yard (in meters) and the length and width of a rectangular house (in meters) placed in the yard.

  Send your children to private school

You are a bad person if you send your children to private school. Not bad likemurderer bad-but bad like ruining-one-of-our-nation's-most-essential-institutions-in-order-to-get-what's-best-for-your-kid bad. So, pretty bad.

  Structured systems analysis and design

What is the difference between a context diagram and diagram 0? Which symbol is not used in a context diagram?

  Organization model of the willowbrook school

Create an organization model of the Willowbrook School's paid staff. Make sure you include not only the title/position, but the person's name if known. You can create the chart using Microsoft Word or a similar program.

  Display the data in a stem-and-leaf display

What is apparent in the stem-and-leaf display that is hard to see in the timeplot?

  Software engineering for postgraduates

In software engineering for postgraduates what is the answer to below question Apart from the risks of software projects stated inyour textbook, identify at least six other possible risks that could arise insoftware projects.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd