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Shtirlitz [24]
3 years ago
10

Supposethatyoubet$5oneachofasequenceof50independentfairgames. Usethecentrallimittheorem to approximate the probability that you

will lose more than $75
Computers and Technology
1 answer:
lions [1.4K]3 years ago
8 0

Answer:

0.119

Explanation:

50 independent fair games

Mean will be 50/2 = 25

Standard deviation of the loosing probability is :

\sqrt{50*0.5*0.5} * 10 = 33.536

we have to loose 33 times out of 50 games.

To find the approximate probability we use z- value table.

z value =  \frac{33-25}{3.35}

z - value = 2.2659

Looking at the z-value table we get 0.119.

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