To simulate roulette on a graphing calculator, a random integer between − 1 and 36 is selected − 1 represents 00 ; see Problem 35 . The command in Figure A simulates 200 games. (A) Use the statistical plot in Figure B to determine the net gain or loss of placing a $1 bet on the number 13 in each of the 200 games. (B) Compare the results of part (A) with the expected value of the game. (C) Use a graphing calculator to simulate betting $1 on the number 7 in each of 500 games of roulette and compare the simulated and expected gains or losses.
To simulate roulette on a graphing calculator, a random integer between − 1 and 36 is selected − 1 represents 00 ; see Problem 35 . The command in Figure A simulates 200 games. (A) Use the statistical plot in Figure B to determine the net gain or loss of placing a $1 bet on the number 13 in each of the 200 games. (B) Compare the results of part (A) with the expected value of the game. (C) Use a graphing calculator to simulate betting $1 on the number 7 in each of 500 games of roulette and compare the simulated and expected gains or losses.
Solution Summary: The author calculates the net loss of placing a 1 bet on the number 13 in each of the 200 games by using the statistical plot.
To simulate roulette on a graphing calculator, a random integer between
−
1
and 36 is selected
−
1
represents
00
;
see Problem
35
.
The command in Figure A simulates 200 games.
(A) Use the statistical plot in Figure B to determine the net gain or loss of placing a
$1
bet on the number 13 in each of the 200 games.
(B) Compare the results of part (A) with the expected value of the game.
(C) Use a graphing calculator to simulate betting
$1
on the number 7 in each of 500 games of roulette and compare the simulated and expected gains or losses.
Help me with the accurate answer and solution asap pls pls thank yo u
Pls help me with accurate answer and solution as soon as possible pls
thank you
Help me with step by step solution and accurate answer as soon as possible pls
Chapter 8 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences Plus NEW MyLab Math with Pearson eText -- Access Card Package (13th Edition)
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License