This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose you are playing a game of chance. If you bet 5 on a certain event, you will collect 115 ... (Read 101 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jul 25, 2018
Suppose you are playing a game of chance. If you bet 5 on a certain event, you will collect 115
  (including your 5 bet) if you win. Find the odds used for determining the payoff.
 
  A) 1 : 22 B) 23 : 1 C) 22 : 1 D) 115 : 120

Question 2

Explain how a nonstandard normal distribution differs from the standard normal
  distribution. Describe the process for finding probabilities for nonstandard normal
  distributions.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 25, 2018
Answer to Question 1

C

Answer to Question 2

Both distributions are bell-shaped. In a standard distribution, the mean is 0 and the standard deviation is 1. In a
nonstandard distribution, the mean and standard deviation can have other values. (Of course, SD values are positive.)
The process should include sketching the diagram, marking the x score on the diagram, computing the corresponding
z score, shading the appropriate area of interest, finding the area corresponding to the z score in the table (the area
between the mean and the z-score), then using that area to find the shaded area of interest.


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jul 25, 2018
Wow, this really help

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Rat Playing Flute Rat Playing Flute
PCV valve operation in the event of a backfire. PCV valve operation in the event of a backfire.
Integrative recombination in phage l: The site-specific recombination event Integrative recombination in phage l: The site-specific recombination event
Site-specific recombination event catalyzed by RAG1 and RAG2 Site-specific recombination event catalyzed by RAG1 and RAG2
Mom and baby baby playing hide and seek Mom and baby baby playing hide and seek
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library