A local health clinic surveys its patients about their waterdrinking habits. It found the data is normally distributed,the mean
1 answer:
In this case, we'll have to carry out several steps to find the solution.
Step 01:
Data:
water drinking habits:
mean = 62 ounces
standard deviation = 5.2 ounces
Step 02:
normally distribution:
95% ===> 2 SD
(62 + 5.2 + 5.2) ounces = 72.4 ounces ==> + 2 SD
(62 - 5.2 - 5.2) ounces = 51.6 ounces ==> - 2 SD
The answer is:
51.6 ounces - 72.4 ounces
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Answer:
The expected payout of the game is $230.46.
Step-by-step explanation:
The given table is
Payout Amount : $160 $4400 $145000
Probability : 0.146 0.024 0.0007
We need to find the expected payout of the game.
The formula for expected payout is
where, n is amount and P(x) is probability of that event. The value of n is negative for loss.
Using the above formula we get
Therefore the expected payout of the game is $230.46.