Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Computing Mean and standard deviation using discrete probability distribution.

To play a game you must pay $5 for each play. There is a 10% chance you win $7, a 35% chance you win $5, and a 45 percent chance you win only $1.

• Find out the probability distribution of your net winnings if you play one time. find out the mean and the standard deviation.

• You play twice. Assuming the plays are independent events, what are the mean and the standard deviation of your total winnings?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M919697

Have any Question? 


Related Questions in Statistics and Probability

It is noted that research falls into four basic categories

It is noted that research falls into four basic categories, depending on whether the goal is to describe patterns of behavior, thought, or emotion (descriptive research); to examine the relationship among naturally occur ...

In pre election a candidate receives 330 out of 650 votes

In pre election , a candidate receives 330 out of 650 votes. Assuming that the people polled represents a random sample of voting population, test the claim that a majority of voters supports the candidate. Use a signifi ...

List an example of each of the followinga two quantitative

List an example of each of the following: a. Two quantitative variables that are likely to have a positive linear relationship. b. Two quantitative variables that are likely to have a negative linear relationship. c. Two ...

In onenbsptownnbsp24nbspof all voters are democrats if two

In one town, 24% of all voters are Democrats. If two voters are randomly selected for a survey, find the probability that they are both Democrats. Round to the nearest thousandth if necessary.

A smartphone company has to decide which battery they will

A smartphone company has to decide which battery they will use for their upcoming model. Two battery manufacturers A and B are competing to get the contract. 15 smartphones of the upcoming model were tested with batterie ...

It is estimated that 89 of senior citizens suffer from

It is estimated that 89% of senior citizens suffer from sleep disorders and 8% suffer from anxiety. Moreover, 5% of senior citizens suffer from both sleep disorders and anxiety. (a) Given that a senior citizen suffers fr ...

1 travelers are asked how many hours they are willing to

1. Travelers are asked how many hours they are willing to drive while on vacation in one day. A total of 86 travelers reported a mean of 11.55 hours with a standard deviation of 1.2 hours. Find the 99% confidence interva ...

Mouse parts produces mouse ears white gloves and other

Mouse Parts produces mouse ears, white gloves and other parts that are incorporated into the production of Mickey Mouse souvenirs. One of the components used in production has an annual demand of 250 units, and this is c ...

1 whats so bad about making a type i error2 how does the

1. What's so bad about making a Type I error? 2. How does the Bonferroni adjustment control for Type I error when many statistical tests are conducted? 3. Why do researchers use ANOVA rather than t-tests to analyze data ...

Listed below is a list of how long it takes for bands on

Listed below is a list of how long it takes for bands on stage to complete their first song (in seconds). 538 312 327 309 344 313 318 315 325 331 312 314 What is the mean time it takes for bands on stage to complete thei ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen