In sports betting, sports books establish winning margins for a team that is favored to win a game. An individual can place a wager on the game and will win if the team bet upon wins after accounting for this spread. For example, if Team A is favored by 5 points, and wins the game by 7 points, then a bet on Team A is a winning bet. However, if Team A wins the game by only 3 points, then a bet on Team A is a losing bet. Suppose that in games, the margin of victory for the favored team relative to the spread is approximately normally distributed with a mean of −1.0 point and a standard deviation of 11.1 points. Complete parts (a) through (c) below. (a) What is the probability that the favored team wins by 7 or more points relative to the spread? The probability is nothing. (Round to four decimal places as needed.) (b) What is the probability that the favored team loses by 3 or more points relative to the spread? The probability is nothing. (Round to four decimal places as needed.) (c) In games where a team is favored by more than 12 points, what is the probability that the favored team "beats the spread"? Does this imply that the possible point shaving spreads are accurate for games in which a team is favored by more than 12 points? The probability is nothing. (Round to four decimal places as needed.) Does this imply that the possible point shaving spreads are accurate for games in which a team is favored by more than 12 points? A. The fact that the favored team is less likely to lose than to win relative to the spread means that the spreads are not accurate. There is possible point shaving. B. The fact that the favored team is just as likely to lose as they are to win relative to the spread means that the spreads are accurate. There is no evidence of point shaving. C. The fact that the favored team is just as likely to lose as they are to win relative to the spread means that the spreads are not accurate. There is possible point shaving. D. The fact that the favored team is more likely to lose than to win relative to the spread means that the spreads are not accurate. There is possible point shaving

In sports betting, sports books establish winning margins for a team that is favored to win a game. An individual can place a wager on the game and will win if the team bet upon wins after accounting for this spread. For example, if Team A is favored by 5 points, and wins the game by 7 points, then a bet on Team A is a winning bet. However, if Team A wins the game by only 3 points, then a bet on Team A is a losing bet. Suppose that in games, the margin of victory for the favored team relative to the spread is approximately normally distributed with a mean of −1.0 point and a standard deviation of 11.1 points. Complete parts (a) through (c) below. (a) What is the probability that the favored team wins by 7 or more points relative to the spread? The probability is nothing. (Round to four decimal places as needed.) (b) What is the probability that the favored team loses by 3 or more points relative to the spread? The probability is nothing. (Round to four decimal places as needed.) (c) In games where a team is favored by more than 12 points, what is the probability that the favored team "beats the spread"? Does this imply that the possible point shaving spreads are accurate for games in which a team is favored by more than 12 points? The probability is nothing. (Round to four decimal places as needed.) Does this imply that the possible point shaving spreads are accurate for games in which a team is favored by more than 12 points? A. The fact that the favored team is less likely to lose than to win relative to the spread means that the spreads are not accurate. There is possible point shaving. B. The fact that the favored team is just as likely to lose as they are to win relative to the spread means that the spreads are accurate. There is no evidence of point shaving. C. The fact that the favored team is just as likely to lose as they are to win relative to the spread means that the spreads are not accurate. There is possible point shaving. D. The fact that the favored team is more likely to lose than to win relative to the spread means that the spreads are not accurate. There is possible point shaving

Name: In sports betting, sports books establish winning margins for a team
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Description: In sports betting, sports books establish winning margins for a team that is favored to win a game. An individual can place a wager on the game and will win if the team bet upon wins after accounting for this spread. For example, if Team A is favor

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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−1.0

point and a standard deviation of

11.1

points. Complete parts (a) through (c) below.

(a) What is the probability that the favored team wins by

or more points relative to the spread?

The probability is

nothing.

(Round to four decimal places as needed.)

(b) What is the probability that the favored team loses by

or more points relative to the spread?

The probability is

nothing.

(Round to four decimal places as needed.)

(c) In games where a team is favored by more than 12 points, what is the probability that the favored team "beats the spread"? Does this imply that the possible point shaving spreads are accurate for games in which a team is favored by more than 12 points?

The probability is

nothing.

(Round to four decimal places as needed.)

Does this imply that the possible point shaving spreads are accurate for games in which a team is favored by more than 12 points?

The fact that the favored team is less likely to lose than to win relative to the spread means that the spreads are not accurate. There is possible point shaving.

The fact that the favored team is just as likely to lose as they are to win relative to the spread means that the spreads are accurate. There is no evidence of point shaving.

The fact that the favored team is just as likely to lose as they are to win relative to the spread means that the spreads are not accurate. There is possible point shaving.

The fact that the favored team is more likely to lose than to win relative to the spread means that the spreads are not accurate. There is possible point shaving

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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