Statistics: The Art and Science of Learning from Data (4th Edition)
Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 7, Problem 54CP

Winning at roulette Part b of Example 7 used the central limit theorem to approximate the probability of coming out ahead if you bet $10 on red on each of 40 roulette wheel spins. For each spin, the winnings are $10 with probability 18/38 and − $10 with probability 20/38. You are interested in the probability of winning at least $100 over the course of the 40 spins.

  1. a. The average winnings per spin need to be at least how much to win at least $100?
  2. b. Use the central limit theorem to determine the approximate probability of winning at least $100.
  3. c. You must win at least how many of the spins to win at least $100?
  4. d. Using the binomial distribution, calculate the exact probability of winning at least $100 in the 40 spins. How does your answer compare with that of part b?
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Chapter 7 Solutions

Statistics: The Art and Science of Learning from Data (4th Edition)

Ch. 7.1 - Syracuse full-time students Youd like to estimate...Ch. 7.1 - Gender distributions At a university, 60% of the...Ch. 7.1 - Prob. 13PBCh. 7.1 - Prob. 14PBCh. 7.2 - Simulate taking midterms Assume that the...Ch. 7.2 - Education of the self-employed According to a...Ch. 7.2 - Rolling one die Let X denote the outcome of...Ch. 7.2 - Playing roulette A roulette wheel in Las Vegas has...Ch. 7.2 - Simulate rolling dice Access the Sampling...Ch. 7.2 - Prob. 20PBCh. 7.2 - Shared family phone plan A recent personalized...Ch. 7.2 - Dropped from plan previous exercise mentions that...Ch. 7.2 - Restaurant profit? Jans All You Can Eat Restaurant...Ch. 7.2 - Survey accuracy A study investigating the...Ch. 7.2 - Blood pressure Vincenzo Baranello was diagnosed...Ch. 7.2 - Household size According to the 2010 U.S. census...Ch. 7.2 - Average monthly sales A large corporation employs...Ch. 7.2 - Prob. 28PBCh. 7.2 - CLT for skewed population Access the Sampling...Ch. 7.2 - Prob. 30PBCh. 7 - Practicing the Basics Exam performance An exam...Ch. 7 - Blue eyes According to a Boston Globe story, only...Ch. 7 - Prob. 33CPCh. 7 - Prob. 34CPCh. 7 - Prob. 35CPCh. 7 - Returning shipment Refer to the previous exercise,...Ch. 7 - Prob. 37CPCh. 7 - Home runs Based on data from the 2010 Major League...Ch. 7 - Physicians assistants The 2006 AAPA survey of the...Ch. 7 - Bank machine withdrawals An executive in an...Ch. 7 - PDI The scores on the Psychomotor Development...Ch. 7 - Number of sex partners According to recent General...Ch. 7 - Prob. 43CPCh. 7 - Too little or too much cola? Refer to the previous...Ch. 7 - Prob. 45CPCh. 7 - Prob. 46CPCh. 7 - Prob. 47CPCh. 7 - Purpose of sampling distribution Youd like to...Ch. 7 - Prob. 49CPCh. 7 - Prob. 50CPCh. 7 - Prob. 51CPCh. 7 - Prob. 52CPCh. 7 - Prob. 53CPCh. 7 - Winning at roulette Part b of Example 7 used the...Ch. 7 - True or false As the sample size increases, the...Ch. 7 - Prob. 56CPCh. 7 - Prob. 57CPCh. 7 - Prob. 58CPCh. 7 - Prob. 59CPCh. 7 - Prob. 60CPCh. 7 - Prob. 61CPCh. 7 - Prob. 62CPCh. 7 - Prob. 63CP
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