Suppose the profit from 1000 plays of a poker machine is normally distributed with mean 5.3 and standard deviation 1.2 B
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Suppose the profit from 1000 plays of a poker machine is normally distributed with mean 5.3 and standard deviation 1.2 B
Suppose the profit from 1000 plays of a poker machine is normally distributed with mean 5.3 and standard deviation 1.2 Be careful with this question you have to look at EVERY option and tick every option that is correct Which is correct if you want to work out if profit from 1000 plays is in the bottom 2.28% O a. A profit is in the bottom 2.28% if it is less than 1.70 O b. You can use the fact that the 2.28th percentile of the z distribution is -2 O c. A profit is in the bottom 2.28% if it is less than 2.90
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!