For the same kind of lottery as in exercise 3 which of the, Ask an Expert

Statistics

For the same kind of lottery as in Exercise 3, which of the following strategies can improve your chance of winning? If the method works, explain why. If not, explain why using appropriate statistics terms.

a) Choose randomly from among the numbers that have not come up in the last 3 lottery drawings.

b) Choose the numbers that did come up in the most recent lottery drawing.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91724647

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

A researcher is working on a study that examines the

A researcher is working on a study that examines the wellbeing of older adults. She has an interest in finding if there is a difference in life satisfaction scores (measured on a multi-item Likert scale) by ethnicity (Af ...

Assume that the significance level is alpha equals alpha005

Assume that the significance level is alpha equals α=0.05. Use the given statement and find the? P-value and critical? value(s). The test statistic of z equals = -1.53 is obtained when testing the claim that p= 1/6 P-val ...

Among 140 subjects with positive test results there are 25

Among 140 subjects with positive test? results, there are 25 false positive? results; among 152 negative? results, there are 22 false negative results. If one of the test subjects is randomly? selected, find the probabil ...

Suppose a sample space has things ab and c twice draw from

Suppose a sample space has things a,b and c. Twice, draw from the sample space and replace. The possible sequences formed are {aa, ab, ac,ba,bb, bc,ca,cb,cc} Now suppose there are Y different things. There are Y ways the ...

Can a business have too much money in cash meaning cash on

Can a business have too much money in Cash, meaning cash on hand as well as in checking and savings accounts? What if a business had 100 million dollars in these cash accounts but only needed half of that for what Keynes ...

1 if there are 150 values in a data set how many classes

1) If there are 150 values in a data set, how many classes should be created for a frequency histogram? A. 5 B. 6 C. 7 D. 8 E. 9 2) . If x is a binomial random variable where n = 100 and p = 0.2, find the probability tha ...

A firm evaluates all of its projects by applying the irr

A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 -$ 153,000 1 78,000 2 67,000 3 49,000 What is the project's IRR? If the required return is 11 percent, should the firm accept the project? Y ...

When circuit boards used in the manufacture of compact disc

When circuit boards used in the manufacture of compact disc players are tested, the long run percentage of defectives is 5%. Let X= the number of defective boards in random sample of size n=25, so X ~ Bin( 25, .05). a) ...

A 20-year canada bond with an 8 semi-annual coupon is

A 20-year Canada bond with an 8% semi-annual coupon is currently selling at par ($1,000) and the probability distribution of its yield to maturity (YTM) a year from now is as follows: State of Economy Probability YTM (%) ...

A study indicates that the weights of adults are normally

A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs. Find a value of weight x such that only 20% of adults weigh less than that. A. 136 B.190 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert