STAT 201 Study Guide - Final Guide: Continuity Correction, Standard Deviation, Binomial Distribution
11 Oct 2018
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Stat 201 assignment 3, due wednesday july 5, 2017. 13. 28 (6th ediion) (chapter 14 in 7th ediion) being on red, coninued. You decide to play roulete 200 imes, each ime being the same amount on red. You will lose money if you win on fewer than 100 of the plays. Given that the pr(win) on any given play is 18/38, 0. 4737, what is the probability that you will lose money ater 200 plays? (check that the normal approximaion is permissible, and use it to ind this probability. ) In general, if you bet the same amount on red every ime, you will lose money if you win on fewer than half of the plays. What do you think happens to the probability of making money the longer you coninue to play? (6 points) Note: there are muliple ways to interpret this quesion. Find the probability of winning 99 or fewer games. (discrete)
