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Korolek [52]
3 years ago
14

Which of the following is true? a. A hypothesis is a measure, such as price or quantity, that can take on different values at di

fferent times. b. To test a hypothesis is the last step under the scientific method of studying economic problems. c. To identify a question and define the relevant variables is the last step under the scientific method. d. Assumption refers to a theory about how key variables relate to one another.
Mathematics
1 answer:
vova2212 [387]3 years ago
8 0

Answer:

Step-by-step explanation:

D

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Which would be the next number in the pattern?<br> 36, 49, 64, 81 __
swat32

Answer:

100

Step-by-step explanation:

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2 years ago
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A blackjack player at a Las Vegas casino learned that the house will provide a free room if play is for four hours at an average
marysya [2.9K]

Answer:

a) player’s expected payoff is $ 240

b) probability the player loses $1000 or more is 0.1788

c)  probability the player wins is 0.3557

d) probability of going broke is 0.0594

Step-by-step explanation:

Given:

Since there are 60 hands per hour and the player plays for four hours then the sample size is:

n = 60 * 4 = 240

The player’s strategy provides a probability of .49 of winning on any one hand so the probability of success is:

p = 0.49

a)

Solution:

Expected payoff is basically the expected mean

Since the bet is $50 so $50 is gained when the player wins a hand and $50 is lost when the player loses a hand. So

Expected loss =  μ

                        = ∑ x P(x)

                        = 50 * P(win) - 50 * P(lose)

                        = 50 * P(win) + (-50) * (1 - P(win))

                         = 50 * 0.49 - 50 * (1 - 0.49)

                        = 24.5 - 50 ( 0.51 )

                        = 24.5 - 25.5

                        = -1

Since n=240 and expected loss is $1 per hand then the expected loss in four hours is:

240 * 1 = $ 240

b)

Using normal approximation of binomial distribution:

n = 240

p = 0.49

q = 1 - p = 1 - 0.49 = 0.51

np = 240 * 0.49 = 117.6

nq = 240 * 0.51 = 122.5

both np and nq are greater than 5 so the binomial distribution can be approximated by normal distribution

Compute z-score:

z = x - np / √(np(1-p))

  = 110.5 - 117.6 / √117.6(1-0.49)

  = −7.1/√117.6(0.51)

  = −7.1/√59.976

  = −7.1/7.744417

  =−0.916789

Here the player loses 1000 or more when he loses at least 130 of 240 hands so the wins is 240-130 = 110

Using normal probability table:

P(X≤110) = P(X<110.5)

             = P(Z<-0.916)

             = 0.1788

c)

Using normal approximation of binomial distribution:

n = 240

p = 0.49

q = 1 - p = 1 - 0.49 = 0.51

np = 240 * 0.49 = 117.6

nq = 240 * 0.51 = 122.5

both np and nq are greater than 5 so the binomial distribution can be approximated by normal distribution

Compute z-score:

z = x - np / √(np(1-p))

  = 120.5 - 117.6 / √117.6(1-0.49)

  = 2.9/√117.6(0.51)

  = 2.9/√59.976

  = 2.9/7.744417

  =0.374463

Here the player wins when he wins at least 120 of 240 hands

Using normal probability table:

P(X>120) = P(X>120.5)

              = P(Z>0.3744)  

             =  1 - P(Z<0.3744)

             = 1 - 0.6443

             = 0.3557

d)

Player goes broke when he loses $1500

Using normal approximation of binomial distribution:

n = 240

p = 0.49

q = 1 - p = 1 - 0.49 = 0.51

np = 240 * 0.49 = 117.6

nq = 240 * 0.51 = 122.5

both np and nq are greater than 5 so the binomial distribution can be approximated by normal distribution

Compute z-score:

z = x - np / √(np(1-p))

  = 105.5 - 117.6 / √117.6(1-0.49)

  = -12.1/√117.6(0.51)

  = -12.1/√59.976

  = -12.1/7.744417

  =−1.562416

Here the player loses 1500 or more when he loses at least 135 of 240 hands so the wins is 240-135 = 105

Using normal probability table:

P(X≤105) = P(X<105.5)

             = P(Z<-1.562)

             = 0.0594

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3 years ago
Please help asap! One question!! Please I’m desperate!
seraphim [82]

Answer:

A

Step-by-step explanation:

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3 years ago
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Solve the equation. Check your solution.<br><br> 30) x/4 = 9
Ksenya-84 [330]

Answer:

x = 36

Step-by-step explanation:

x/4 = 9

multiply both sides by 4

x/4 (4) = 9(4)

x = 36

The answer is x = 36

We can check by plugging in x = 36 to the original equation:

x/4 = 9

(36)/4 = 9

9 = 9

Correct

4 0
3 years ago
a local bbq restaurants offers 2 side dishes with a lunch plate. there are 7 side dishes. how many choices of side dishes does a
Sonja [21]

The number of choice out of 7 that consumer have are 42.

<h3>What is permutation?</h3>

The term permutation alludes to a numerical computation of the quantity of ways a specific set can be sorted out. Set forth plainly, a change is a word that depicts the quantity of ways things can be requested or organized. With stages, the request for the course of action matters.

<h3>According to given data:</h3>

Number of choices of side dishes does a customer have,

total dishes(n)=7 , r = 2

ⁿP₂

⁷P₂

7×6 = 42

Thus required number of ways are 42.

To know more about permutation visit:

brainly.com/question/13715183

#SPJ4

7 0
1 year ago
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