A roulette wheel has the numbers 1 through 36, 0, and 00. A bet on four numbers pays 8 to 1 (that is, if you bet $1 and one of t
1 answer:
Answer:
Lose $0.05
Step-by-step explanation:
There are 38 possible spots on the roulette wheel (numbers 1 to 36, 0 and 00).
If the player can choose four numbers on single $1 bet, his chances of winning (W) and losing (L) are as follows:
The expected value of the bet is given by the probability of winning multiplied by the payout ($8), minus the probability of losing multiplied by the bet cost ($1)
On each bet, the player is expected to lose 5 cents ($0.05).
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Answer:
a) 68% of the men fall between 169 cm and 183 cm of height.
b) 95% of the men will fall between 162 cm and 190 cm.
c) It is unusual for a man to be more than 197 cm tall.
Step-by-step explanation:
The 68-95-99.5 empirical rule can be used to solve this problem.
This values correspond to the percentage of data that falls within in a band around the mean with two, four and six standard deviations of width.
<em>a) What is the approximate percentage of men between 169 and 183 cm? </em>
To calculate this in an empirical way, we compare the values of this interval with the mean and the standard deviation and can be seen that this interval is one-standard deviation around the mean:
Empirically, for bell-shaped distributions and approximately normal, it can be said that 68% of the men fall between 169 cm and 183 cm of height.
<em>b) Between which 2 heights would 95% of men fall?</em>
This corresponds to ±2 standard deviations off the mean.
95% of the men will fall between 162 cm and 190 cm.
<em>c) Is it unusual for a man to be more than 197 cm tall?</em>
The number of standard deviations of distance from the mean is
The percentage that lies outside 3 sigmas is 0.5%, so only 0.25% is expected to be 197 cm.
It can be said that is unusual for a man to be more than 197 cm tall.