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Dafna11 [192]
2 years ago
7

After losing all your money at the roulette wheel. You want to prove that the wheel is rigged. On a standard roulette wheel, red

numbers will turn up 18 out of 38 times. In other words, in the long run, the proportion of red numbers will be 0.47. After betting on the roulette wheel 400 times, you record 196 red numbers. Can you prove that the roulette wheel is rigged to land on red numbers at a different proportion than expected
Mathematics
1 answer:
dimulka [17.4K]2 years ago
5 0

Answer:

The answer is yes.

Step-by-step explanation:

To test if the null hypothesis, in this case the wheel being rigged, we need to perform a number of tests and find the p value. If the p value is above a certain level, then it is statistically significant and we can say that the null hypothesis is correct.

It is stated that the standard rate of getting a red number is 0.47, which is 47%. Out of 400, to get a 47% rate, we would need to have red 188 times which is less than 196 so the test results in a rate above 47% in which case the null hypothesis is correct and we can say that the wheel is rigged.

I hope this answer helps.

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Answer:

The value  is  E(X) =  \$ 1.7067

Step-by-step explanation:

From the question we are told that

   The  parameters  are  α = 3, θ = 0.5

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Generally the profit of a unit on the first day is

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The profit of a unit on the second day is

       p_2 = 1 - 2

=>     p_2 = - \$1

Generally the probability of making profit greater than $ 1 is mathematically represented as

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=>   P(X >  1 ) = Gamma (1 ,3 , 0.5)

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Generally the probability of making profit less than or  equal to  $ 1 is mathematically represented as

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=>     P(X \le  1 ) = 1 - 0.67668

=>     P(X \le  1 ) = 0.32332    

So  the probability of making  $3  is    P(X >  1 ) =  0.67668

and  the probability of making  -$1  is   P(X \le  1 ) = 0.32332  

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4 0
2 years ago
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Answer:

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