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Only using standard six sided dice and/or a standard deck of playing cards, create a casino game that has all of the following characteristics:
1.The expected value is within one standard deviation of the mean(so you must calculate both the standard deviation and expected value for your game).
2. The expected value is in the favor of the house.
3. When you play it many times (the means you must play it at least 20 times) your values are consistent with Chebyshev's Rule.
You are expected to post instructions for your game so others from the class may play it. Give a report on your calculations and show that your game satisfies the three conditions above.
Calculate the expected value of your portfolio and calculate the expected standard deviation of your portfolio.
A random sample of 12 equal-sized stores is selected. Some calculations have been done for you: SSx = 400, SSy = 3.0025 and SSxy = 28. What is the value of the sample correlation coefficient?
Then a second ball is drawn at random from the three ball in the box. what is the probability that the first ball drawn was white, given that at least one to the two balls drawn was white?
A certain company relies heavily on phone orders. Suppose past records show that R% of all incoming phone calls to this company are orders from customers.
the owner of a donut shop wishes to determine the best mix for her three products zingers crullers and eacuteclairs.
Run an ANOVA using only groups 1 to 6 (You can hide group 7 from the analysis by data followed by select cases and then you filter out group 7 by if GROUP~= ). Also run the posthoc tests LSD and Bonferroni.
Discuss the concept of statistical significance, including your understanding of what it means, why it is important, and how it can be used.
There are four entrances to the Government Center Building in downtown Philadelphia.The building maintenance supervisor would like to know if the entrances are equally utilized.
1.i have three groups for which i want to perform an anova. they have standard deviations s1 2.5 s2 3.4 s3 6.4 and
Find the sample proportions and test statistic for equal proportions. Is the decision close? Find the p-value.
a study of cardiovascular risk factors compared heavy smokers light smokers and nonsmokers. both men and women were
Reggie Miller of the Indiana Pacers is the National Basketball Association's best career free throw shooter, making 89% of his shots. Assume that late in a basketball game, Reggie Miller is fouled and is awarded two shots.
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