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seraphim [82]
2 years ago
11

The distribution of the amount of money spent by first-time gamblers at a major casino in Las Vegas is approximately normal in s

hape with a mean of $600 and a standard deviation of $120. According to the standard deviation rule, almost 84% of gamblers spent more than what amount of money at this casino?
A. $360
B. $480
C. $600
D. $720
E. $840
Mathematics
1 answer:
Leya [2.2K]2 years ago
4 0

Answer:

$720

Step-by-step explanation:

Given :

Mean, m = 600

Standard deviation, s = 120

Z = (x - m) / s

P(Z > x) = 84%

P(Z > x) = 0.84

Zscore corresponding to P(Z > x) = 0.84 will be -0.994

Hence,

-0.994 = (x - 600) / 120

120 * -0.994 = x - 600

119.28 = x - 600

119.28 + 600 = x

719.28 = x

Hence,

X = $720

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Answer:

p_v = P(\chi^2_{4,0.05} >3.81)=0.43233

Since the p values is higher than the significance level we FAIL to reject the null hypothesis at 5% of significance, and we can conclude that we don't have significant differences between the 3 remedies analyzed. So we can say that the 3 remedies ar approximately equally effective.

Step-by-step explanation:

A chi-square goodness of fit test "determines if a sample data matches a population".

A chi-square test for independence "compares two variables in a contingency table to see if they are related. In a more general sense, it tests to see whether distributions of categorical variables differ from each another".

Assume the following dataset:

                               NyQuil          Robitussin       Triaminic     Total

No relief                    11                     13                      9               33

Some relief               32                   28                     27              87

Total relief                7                       9                      14               30

Total                         50                    50                    50              150

We need to conduct a chi square test in order to check the following hypothesis:

H0: There is no difference in the three remedies

H1: There is a difference in the three remedies

The level os significance assumed for this case is \alpha=0.05

The statistic to check the hypothesis is given by:

\sum_{i=1}^n \frac{(O_i -E_i)^2}{E_i}

The table given represent the observed values, we just need to calculate the expected values with the following formula E_i = \frac{total col * total row}{grand total}

And the calculations are given by:

E_{1} =\frac{50*33}{150}=11

E_{2} =\frac{50*33}{150}=11

E_{3} =\frac{50*33}{150}=11

E_{4} =\frac{50*87}{150}=29

E_{5} =\frac{50*87}{150}=29

E_{6} =\frac{50*87}{150}=29

E_{7} =\frac{50*30}{150}=10

E_{8} =\frac{50*30}{150}=10

E_{9} =\frac{50*30}{150}=10

And the expected values are given by:

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No relief                    11                     11                       11               33

Some relief               29                   29                     29              87

Total relief                10                     10                     10               30

Total                         50                    50                    50              150

And now we can calculate the statistic:

\chi^2 = \frac{(11-11)^2}{11}+\frac{(13-11)^2}{11}+\frac{(9-11)^2}{11}+\frac{(32-29)^2}{29}+\frac{(28-29)^2}{29}+\frac{(27-29)^2}{29}+\frac{(7-10)^2}{10}+\frac{(9-10)^2}{10}+\frac{(14-10)^2}{10} =3.81

Now we can calculate the degrees of freedom for the statistic given by:

df=(rows-1)(cols-1)=(3-1)(3-1)=4

And we can calculate the p value given by:

p_v = P(\chi^2_{4,0.05} >3.81)=0.43233

And we can find the p value using the following excel code:

"=1-CHISQ.DIST(3.81,4,TRUE)"

Since the p values is higher than the significance level we FAIL to reject the null hypothesis at 5% of significance, and we can conclude that we don't have significant differences between the 3 remedies analyzed.

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