Mathematics, 07.04.2020 17:58, daya88
The law of large numbers tells us what happens in the long run. Like many games of chance, the numbers racket has outcomes so variable - one three-digit number wins $600 and all others win nothing - that gamblers never reach the long run. Even after many bets, their average winnings may not be close to the mean. For the numbers racket, the mean payout for single bets is $0.60 (60 cents) and the standard deviation of payouts is about $18.96. If Joe plays 350 days a year for 40 years, he makes 14,000 bets.(a) What are the mean and standard deviation of the average payoutx-bar that Joe receives from his 14,000 bets?
(b) The central limit theorem says that his average payout isapproximately Normal with the mean and standard deviation you foundin part (a). What is the approximate probability that Joe's averagepayout per bet is between $0.50 and $ 0.70? You see that Joe'saverage may not be very close to the mean $0.60 even after 14,000bets.
Answers: 3
Mathematics, 21.06.2019 19:30, markel19
The position of a moving particle is given by the position function: f(t)=-9t-t^2-0.2t^3+0.1t^4 0 a. at what time does the particle reverse direction? b. when is the displacement positive? (round one decimal place and answer in interval notation) c. when is the displacement negative? (round one decimal place and answer in interval notation) d. when is the particle’s acceleration positive? (round one decimal place and answer in interval notation) e. when is the particle’s acceleration negative? (round one decimal place and answer in interval notation)
Answers: 3
Mathematics, 21.06.2019 21:00, Anybody6153
Ariana starts with 100 milligrams of a radioactive substance. the amount of the substance decreases by 20% each week for a number of weeks, w. the expression 100(1−0.2)w finds the amount of radioactive substance remaining after w weeks. which statement about this expression is true? a) it is the difference between the initial amount and the percent decrease. b) it is the difference between the initial amount and the decay factor after w weeks. c) it is the initial amount raised to the decay factor after w weeks. d) it is the product of the initial amount and the decay factor after w weeks.
Answers: 1
Mathematics, 21.06.2019 22:10, ava789
Find the volume of the solid whose base is the region bounded by f(x), g(x) and the x-axis on the interval [0, 1], and whose cross-sections perpendicular to the y-axis are squares. your work must show the integral, but you may use your calculator to evaluate it. give 3 decimal places for your answe
Answers: 3
The law of large numbers tells us what happens in the long run. Like many games of chance, the numbe...
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