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 82 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
:D TYSM

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

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?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Rat Playing Flute Rat Playing Flute
Fred Tomaselli, Airborne Event. Fred Tomaselli, Airborne Event.
A typical waveform from a knock sensor during a spark knock event. This signal is sent to the ... A typical waveform from a knock sensor during a spark knock event. This signal is sent to the ...
An Event-Related Potential An Event-Related Potential
"Game Development in Eight Bits" by Kevin Zurawel
Natalie and Marc playing cars Natalie and Marc playing cars
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library