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 95 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
Gracias!

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Playing sedentary games contributes to the childhood obesity epidemic Playing sedentary games contributes to the childhood obesity epidemic
The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Mom and baby baby playing hide and seek Mom and baby baby playing hide and seek
Natalie and Marc playing cars Natalie and Marc playing cars
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library