Whether gambler wins or loses or continues rolling the dice

Assignment Help Basic Statistics
Reference no: EM131416231

Find the standard deviation for the sum of two fair dice. The probability distribution was found in given Example.

Example
Probabilities for Sum of Two Dice Many gambling games use dice in which the number of dots rolled is equally likely to be 1, 2, 3, 4, 5, or 6. For instance, craps is a game in which two dice are rolled and the sum of the dots on the two dice determines whether the gambler wins, loses, or continues rolling the dice.

Reference no: EM131416231

Questions Cloud

Examine who is involved in financial decision-making : Examine who is involved in financial decision-making. Analyze what are the steps in the financial decision-making process. Examine what some of the specific outcomes that resulted from changes to the financial decision-making process.
Define the random variable x : Define the random variable X = number of girls among the three children. Possible values for X are 0, 1, 2, 3. What are the probabilities for these values?
Create a budget of expected minimum revenues under contract : Prepare a budget of expected minimum revenues under the contract. Show the sources of revenues from the set of five films and the fee. What are the general revenue recognition criteria established under Generally Accepted Accounting Principles.
Position of a nation long-run aggregate supply curve : Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this event? (See page 232.)
Whether gambler wins or loses or continues rolling the dice : For instance, craps is a game in which two dice are rolled and the sum of the dots on the two dice determines whether the gambler wins, loses, or continues rolling the dice.
How much should it charge each person for insurance : If the insurance company wants to make a net profit of $10 per policyholder for the year, how much should it charge each person for insurance? Ignore administrative and other costs.
School to prison pipeline : Find three (3) individuals from the population that you are addressing. If you have a broad topic, find someone experienced in the field.  Use the information you have gathered thus far to guide your conversations.
What is the expected value for the number of parents : What is the expected value for the number of parents that a randomly selected child was living with in 2004?- Does the concept of expected value have a meaningful interpretation for this example? Explain.
What would be the lowest price : A buyer values a house at $525,000 and a seller values the same house at $485,000. If sales tax is 8% and is levied on the seller, then what would be the lowest price that the seller would be willing to sell at?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Cumulative incidence of chicken pox

None of those lost to follow-up had developed chicken pox prior to becoming lost. Assume that you can get chicken pox only once. What is the cumulative incidence of chicken pox in this population during the one-year period from January 1st through..

  What is test decision

Suppose we are conducting a test with alpha =0.10 and we observe a p-value equal to 0.09. What is your test decision?

  Is estimate participant significantly higher-one-tailed test

Is the estimate from the participants significantly higher than the actual number (µ = 3.1)? Use a one-tailed test with = .05.

  State your null and alternative hypotheses a using data

question the manager of the toledo mudhens decides to see whether batting practice think of this as the equivalent a

  Differences between traditional and derivative instruments

What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Are derivatives a good investment? Explain why or why not.

  Least-squares line prediction for the cost of overrun

If an overrun contract was bid at 12 million dollars, what does the least-squares line predict for the cost of overrun (as a percent of bid price)?

  You want to compare response rates percents of two regimens

you want to compare response rates percents of two regimens. a power of 90 and a two-sided test of size 0.05 are

  How to reject the null and accept the alternate

Is it ok to change the level of significance to 0.05, because at that level you would be able to reject the null and accept the alternate?"

  State the null and alternative hypotheses

State the null and alternative hypotheses

  Recall the definitions of the special forms

and: The expressions are evaluated from left to right. If any expression evaluates to false, false is returned; any remaining expressions are not evaluated. If all the expressions evaluate to true values, the value of the last expression is return..

  B case ii - use t statistic assuming variances are unknown

fifteen people will be enrolled in a four-week foreign language course. on the first day the instructor gives the

  State your null and alternative hypotheses formally state

a researcher is studying the weight changes that women go through over the course of pregnancy childbirth and

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!

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