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A gambling machines works in the following way. The player inserts a penny into 1 of 5 slots which are colored Blue, Red, Orange, Yellow & Green corresponding to 5 colored light bulbs. The player can choose which ever colored slot he likes. After the penny has been inserted 1 of the 5 bulbs lights up. If the bulb lit up is the same color as the slot selected by the player, then the player wins and receives from the machine R pennies, where P(R=2)=1/2, P(R=4)=1/4, P(R=6)=3/20, & P(R=8)=P(R=10)=1/20 If the color of the bulb lit up and the slot selected are not the same, the player receives nothing from the machine. In either case the player does not get back the penny that he inserted. Assuming that each of the colors is equally likely to light up and that the machines selects the bulbs at random, determine (c ) the variance of the amount gained by the player from a single try.
CORRELATION & REGRESSION: 1) What do you mean by the term correlation? 2) Point out the differences between coefficient of correlation and regression. 3) If the correl
What is the net book value of a noncurrent asset? The net publication value of a noncurrent resource is the net quantity revealed on the stability piece for a long-term resourc
Consider the Kristen Cookie Company case. From the note: Wash&Mix: 6 mins per order (max 3 dozen) Dish up: 2 mins per dozen Set up timer: 1 min per dozen Bake: 9 mins per dozen
Managers are very interested in how a consumer makes choice among alternatives. In this exercise, we ask you to consider the price of gasoline you may purchase to operate
(a) The bank's excess reserves are its actual reserves less required reserves. Actual reserves are given as $450 from its balance sheet. Required reserves are given by the produc
SPSS Assignment 1. Execute the following functions using SPSS. a) Enter the following data Case Age Weight Gender
I have statistic assignment can do it at 2.30 H, because I don''t have time
y=4x-x^2
Would like to know answer to gametes problem
Skewness It is the comparison of the mean, median and mode can reveal information about the characteristics of skewness. Definition The distribution of the data is ske
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