5. The gambler teaches his new strategy to 10 friends, and asks each of them to give it a try. Each of the 10 friends pl
Posted: Wed May 11, 2022 12:59 pm
- 5 The Gambler Teaches His New Strategy To 10 Friends And Asks Each Of Them To Give It A Try Each Of The 10 Friends Pl 1 (123.59 KiB) Viewed 52 times
5. The gambler teaches his new strategy to 10 friends, and asks each of them to give it a try. Each of the 10 friends play 100 blackjack games. You can get all 10 trials by typing randBin(100, .52, 10)=L1, which will store the data in L1. 52,5a.52, 57,48,52,58,55, 51, 61 6. Construct a 95% confidence interval for each of the 10 friends and record in the table. Check if they captured the p = 0.52. Record your results in the table. 7. Which friend had the best luck with the new blackjack strategy? Put a happy face next to their results. Gambling Record 95% CI p in CI? Best Luck Player Player Wins p-hat Yes No Lower Limit Upper Limit 1 2 3 4 5 6 7 8 9 10 Average 8. Optional Extra Credit: a) The strategy was tested a total of 1000 times by the ten friends. Since p = 0.52, about how many of these 1000 games would you expect to be wins? b) How many of these games were wins? c) What is the value of p-hat for this random sample of n= 1000?