Find approximately the probability that after

Assignment Help Basic Statistics

Reference no: EM131834573

A certain gambler's daily income (in dollars) is a random variable X uniformly distributed over the interval -3 to 3.

(i) Find approximately the probability that after 100 days of independent play he will have won more than 200 dollars.

(ii) Find the quantity A that the probability is greater than 95 % that the gambier'S winnings (which may be negative) in 100 independent days of play will be greater than A.

(iii) Determine the number of days the gambler can play in order to have a probability greater than 95 % that his total winnings on these days will be less than 180 dollars in absolute value.

Reference no: EM131834573

Questions Cloud

Define federal rules of civil procedure : Please answer this question based on your knowledge of Civil Litigation rules, the Federal Rules of Civil Procedure and/or the National Paralegal.

Find the probability that the total amount of money : Find the probability that the total amount of money lost by a gambling house on 100,000 bets made by the public on an odd outcome at roulette will be negative.

Probability of winning or losing a dollar : A man plays a game in which his probability of winning or losing a dollar is t. Let S" be the man's fortune (that is, the amount he has won or lost) after

Final outcome the average gain or loss per game : Consider a game of chance in which one may win 10 dollars or lose 1, 2, 3, or 4 dollars; each possibility has probability 0.20.

Find approximately the probability that after : A certain gambler's daily income (in dollars) is a random variable X uniformly distributed over the interval -3 to 3.

Identify the top five most popular choices of hybrid cars : Identify the top five most popular choices of hybrid cars. Analyze the advantages of each car's technology, price, manufacturing, and impact on environment.

Find approximately the probability that the error : Find approximately the probability that the error in the sum will be between -3 and 3. Find the quantity A that the probability is approximately

Breaking strengths of all the strands : If each strand in a rope has a breaking strength, with mean 20 pounds and standard deviation 2 pounds, and the breaking strength

Find approximately the probability that a sample : Find approximately the probability that a sample of 100 bulbs selected at random from the output of the machine will contain between 30 and 40 bulbs

User Account

All Pages