Suppose you are spinning a cash prize wheel in which you have a 25% chance of winning
Question:
Suppose you are spinning a cash prize wheel in which you have a 25% chance of winning a prize, as described in Exercise 11.6.1. Most prizes are fairly small values like $1 or $5, but one spot on the wheel is worth $100. In which one of the following situations could you use a geometric model?
A. You spin the wheel 10 times and count the number of spins on which you win a prize.
B. You spin the wheel 10 times and total the value of your winnings.
C. You spin the wheel and count how many spins it takes you to win a prize.
D. You spin the wheel and count how many spins it takes you to win a combined total of $20 or more.
Data from Exercise 11.6.1
Suppose you are spinning a cash prize wheel in which you have a 25% chance of winning a prize. Most prizes are fairly small values like $1 or $5, but one spot on the wheel is worth $100. In which one of the following situations could you use a binomial model?
Step by Step Answer:
Introduction To Statistical Investigations
ISBN: 9781119683452
2nd Edition
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy