AMS 5 Chapter Notes - Chapter 16: Gambling

1089 views3 pages
chocolatemoose645 and 18 others unlocked
AMS 5 Full Course Notes
50
AMS 5 Full Course Notes
Verified Note
50 documents

Document Summary

Chapter 16, #1, 2, 3, 4, 6, 7, 9. A box contains 10,000 tickets: 4,000 [0]s and 6,000 [1]s. and 10,000 draws will be made at random with replacement from this box. Which of the following best describes the situation, and why? (i) The number of 1s will be 6,000 exactly (ii) The number of 1s is very likely to equal 6,000, but there is also some small chance that it will not be equal to 6,000. (iii) Repeat exercise 1 for 10,000 draws made at random without replacement from the box. (i), since there are exactly 6,000 [1]s present in the box and you draw them all. A gambler loses ten times running at roulette. He decides to continue playing because he is due for a win, by the law of averages. A bystander advises him to quit, on the grounds that his luck is cold.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related textbook solutions

Related Documents

Related Questions