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Author Question: You are the owner of a small casino in Las Vegas. You want to reward the high-rollers who come to ... (Read 103 times)

TFauchery

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on: Jun 24, 2018
You are the owner of a small casino in Las Vegas. You want to reward the high-rollers who come to your casino. You want to give free accommodations to no more than 10 of your patrons.
 
  Suppose that the mean amount wagered by all patrons is 287, with a standard deviation of 15. You should give free accommodations to those individuals who wager over how much money?

Question 2

What is the sample variance of the parking fines issued in Houston?
 
  A) 404.49
  B) 230.69
  C) 364.04
  D) 201.86


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Gabe

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Reply #1 on: Jun 24, 2018
Answer to Question 1

P(X > k) = 0.10  PZ > (k-287 ) / 15 = 0.10  (k - 287 ) / 15 = 1.28  k = 306.20

Answer to Question 2

B


TFauchery

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
Wow, this really help

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