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

Author Question: Suppose a mathematician computed the expected value of winnings for a person playing each of seven ... (Read 69 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Aug 1, 2018
Suppose a mathematician computed the expected value of winnings for a person playing each of seven different games in a casino. What would you expect to be true for all expected values for these seven games?
 
  What will be an ideal response?

Question 2

List the two requirements for a probability histogram. Discuss the relationship between the sum of the probabilities in a probability distribution and the total area represented by the bars in a probability histogram.
 
  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

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Aug 1, 2018
Answer to Question 1

The expected values would be negative for the person playing, as the casinos are designed to make money.

Answer to Question 2

The sum of the probabilities in a probability distribution must be 1 and each individual probability must be between 0 and 1, inclusive. The total area of the bars in a probability histogram is 1.


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Aug 1, 2018
Gracias!

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

A comparison between chromosomes found in a normal human cell and a cancer cell from the same person A comparison between chromosomes found in a normal human cell and a cancer cell from the same person
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
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
Food security per person Food security per person
Mom and baby baby playing hide and seek Mom and baby baby playing hide and seek
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library