4. Image a gambling casino consisting of 100 busy roulette tables. Suppose that each table brings in anaverage hourly profit of $50 with a standard deviation of $25.(a) What is the average hourly profit that the entire casino brings in? What is the standarddeviation?(b) Find the probability that the casino will make a profit less than $4500 on any given hour.

Let, x denotes the average hourly profit from each table . Number of such tables =100 Ex=50 σx=25

Answered: 4. Image a gambling casino consisting…

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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