A gambler simulates a new card game on a computer. Out of 500 trials he wins 200 times. So he calculates P(winning) = 200/500 = 0.40. Why is this only an estimate of the true value of P(winning)? A.There are more than 2 events B.The outcomes are not equally likely C.His estimate is not rounded to 3 decimal places D.If he were to do a different set of 500 trials, he might win 180 times and calculate a different value of P(winning)

Here we do experiment 500 times and based on this calculate probability of winning. As we know…

Answered: A gambler simulates a new card game on…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A gambler simulates a new card game on a computer. Out of 500 trials he wins 200 times. So he calculates P(winning) = 200/500 = 0.40. Why is this only an estimate of the true value of P(winning)?

There are more than 2 events

The outcomes are not equally likely

His estimate is not rounded to 3 decimal places

If he were to do a different set of 500 trials, he might win 180 times and calculate a different value of P(winning)

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