Essential Statistics for the Behavioral Sciences
2nd Edition
ISBN: 9781506386300
Author: Gregory J. Privitera
Publisher: SAGE Publications, Inc
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Chapter 10, Problem 27CAP
(a)
To determine
To find: The 95% confidence interval.
(b)
To determine
To check: If it could be concluded that the students retained more of the material taught in the Friday class.
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Suppose you are gambling on a roulette wheel. Each time the wheel is spun, the result is one of the outcomes 0, 1, and so on through 36. Of these outcomes, 18 are red, 18 are black, and 1 is green. On each spin you bet $5 that a red outcome will occur and $1 that the green outcome will occur. If red occurs, you win a net $4. (You win $10 from red and nothing from green.) If green occurs, you win a net $24. (You win $30 from green and nothing from red.) If black occurs, you lose everything you bet for a loss of $6.
a. Use simulation to generate 1,000 plays from this strategy. Each play should indicate the net amount won or lost. Then, based on these outcomes, calculate a 95% confidence interval for the total net amount won or lost from 1,000 plays of the game. (Round your answers to two decimal places and if your answer is negative value, enter "minus" sign.) I worked out the Upper Limit, but I can't seem to arrive at the correct answer for the Lower Limit. What is the Lower Limit?…
Chapter 10 Solutions
Essential Statistics for the Behavioral Sciences
Ch. 10 - Prob. 1FPCh. 10 - Prob. 2FPCh. 10 - Prob. 3FPCh. 10 - Prob. 4FPCh. 10 - Prob. 5FPCh. 10 - Prob. 6FPCh. 10 - Prob. 7FPCh. 10 - Prob. 8FPCh. 10 - Prob. 9FPCh. 10 - Prob. 10FP
Ch. 10 - Prob. 11FPCh. 10 - Prob. 12FPCh. 10 - Prob. 13CAPCh. 10 - Prob. 14CAPCh. 10 - Prob. 15CAPCh. 10 - Prob. 16CAPCh. 10 - Prob. 17CAPCh. 10 - Prob. 18CAPCh. 10 - Prob. 19CAPCh. 10 - Prob. 20CAPCh. 10 - Prob. 21CAPCh. 10 - Prob. 22CAPCh. 10 - Prob. 23CAPCh. 10 - Prob. 24CAPCh. 10 - Prob. 25CAPCh. 10 - Prob. 26CAPCh. 10 - Prob. 27CAPCh. 10 - Prob. 28CAPCh. 10 - Prob. 29PRCh. 10 - Prob. 30PRCh. 10 - Prob. 31PRCh. 10 - Prob. 32PRCh. 10 - Prob. 33PRCh. 10 - Prob. 34PR
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