Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Computer Engineering Expert

Lucky spot? A reporter working on a story about the New York lottery contacted one of the authors of this book, wanting help analyzing data to see if some ticket sales outlets were more likely to produce winners. His data for each of the 966 New York lottery outlets are graphed below; the scatterplot shows the ratio TotalPaid/ TotalSales vs. TotalSales for the state's "instant winner" games for all of 2007.

1188_e3de42e5-da80-45d2-a9f7-170af3a76992.png

The reporter thinks that by identifying the outlets with the highest fraction of bets paid out, players might be able to increase their chances of winning. Typically-but not always-instant winners are paid immediately (instantly) at the store at which they are purchased. However, the fact that tickets may be scratched off and then cashed in at any outlet may account for some outlets paying out more than they take in. The few with very low payouts may be on interstate highways where players may purchase cards but then leave.

a) Explain why the plot has this funnel shape.

b) Explain why the reporter's idea wouldn't have worked anyway.

Computer Engineering, Engineering

  • Category:- Computer Engineering
  • Reference No.:- M92191655

Have any Question?


Related Questions in Computer Engineering

What is the name of the text file on a windows computer

What is the name of the text file on a Windows computer that may store DNS to IP address mappings?

Start up your web browser and clear the browsers cache

Start up your web browser and clear the browser's cache memory (Use the following website if you don't know how to do this), but do not access any site after clearing the cache. ? Open Wireshark and start capturing. Now, ...

How could legislation impact on operations within your

How could legislation impact on operations within your organisation in relation to innovation, project management, and operational planning? Briefly outline any relevant requirements (e.g. intellectual property, WHS).

About signed integer representation twos complement

About Signed Integer Representation. Two's Complement Overflow Explain how to perform the signed decimal to Hexadecimal conversion and vice versa. Show it with two examples for each.

How does consumers influence the market price of goods it

How does consumers influence the market price of goods it sells, and what does the term, "market power" means?

Consider a valleyed array a1 2 middot middot middot n with

Consider a valleyed array A[1, 2, · · · , n] with the property that the subarray A[1..i] has the property that A[j] > A[j + 1] for 1 ≤ j (a) What is a recursive algorithm that takes asymptotically sub-linear time to find ...

System analysis project 4 can you answer the 4 questions at

System Analysis project 4: can you answer the 4 questions at the task section, thank you. Personal Trainer, Inc. owns and operates fitness centers in a dozen Midwestern cities. The centers have done well, and the company ...

Question 1 what is rdbms2 what is key-value pair

Question: 1. What is RDBMS? 2. What is Key-Value Pair Databases? 3. What are the foundational behaviors of MapReduce? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow t ...

Question suppose that we have a set of activities to

Question : Suppose that we have a set of activities to schedule among a large number of lecture halls, where any activity can take place in any lecture hall. We wish to schedule all the activities using as few lecture ha ...

Assignmentsuppose a particular fa called fin has the

Assignment Suppose a particular FA, called FIN, has the property that it had only one final state that was not the start state. During the night, vandals come and switch the + sign with the - sign and reverse the directi ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As