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Instructions: SHOW ALL YOUR WORK. Partial credit may be given, and full credit may NOT be given if work is not shown. You will need
Instructions: SHOW ALL YOUR WORK. Partial credit may be given, and full credit may NOT be given if work is not shown. You will need a calculator and the normal table to do this assignment. 1. I am playing a gambling game. On each play, I have a 10% chance of winning $12, a 30% chance of breaking even (not winning or losing any money), and 60% chance of losing $5. I play this game 300 times. (a) Write down the box model to represent this situation, including the values on the tickets, the number of repeats of each ticket, and how many draws we will make with replacement from the box. (b) The average of this box is ___________ and the SD of the box is ____________
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