MATH 1308 Q7

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  1. A box has three red balls and four green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler wins $1 if the ball is red, otherwise, he loses $1. He will play this game 200 times. The expected value for the gambler's net gain is:

  2. A box has three red balls and four green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler win $1 if the ball is red, otherwise he loses $1. He will play this game 200 times. The SE for the gambler's net gain is:

  3. A box has three red balls and four green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler wins $1 if the ball is red, otherwise he loses $1. He will play this game 200 times. The chance that the gambler wins more than $2 is about:

  4. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the standard error for the sum.

  5. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the amount of money the CASINO is expected to make.

  6. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the chance that the casino will win between $30 and $40.

  7. A gambler plays roulette 200 times, betting $1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. Find the amount of money the casino is expected to win.

  8. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the SD of the box model that would go with this situation.

  9. A gambler plays roulette 200 times, betting $1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. (We are interested in the the casino making more than $10.) Find the casino's standard error for the sum.

  10. A gambler plays roulette 200 times, betting $1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. (We are interested in the casino making more than $10.) Find the average of the box.

  11. A gambler plays roulette 200 times, betting $1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. (We are interested in the casino making more than $10 from these plays.) Find the standard deviation of the box.

  12. A gambler plays roulette 200 times, betting $1 on a split each time. A split pays 17 to 1, and there are 2 chances in 38 to win. Find the chance that the casino makes more than $10 from these plays.

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