Suppose you are gambling on a roulette wheel Each time the wheel is spun, the result is one of the outcomes 0, 1, and so on through 36 Of these outcomes, 18 are red, 18 are black, and 1 is green On each spin you bet $5 that a red outcome will occur and $1 that the green outcome will occur If red occurs, you win a net $4 (You win $10 from red and nothing from green ) If green occurs, you win a net $24 (You win $30 from green and nothing from red ) If black occurs, you lose everything you bet for a loss of $6 a Use simulation to generate 1,000 plays from this strategy Each play should indicate the net amount won or lost Then, based on these outcomes, calculate a 95 confidence interval for the total net amount won or lost from 1,000 plays of the game (Round your answers to two decimal places and if your answer is negative value, enter minus sign ) Lower Limit

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Suppose you are gambling on a roulette wheel. Each time the wheel is spun, the result is one of the outcomes 0, 1, and so

Suppose you are gambling on a roulette wheel.

Each time the wheel is spun, the result is one of the outcomes 0, 1, and so on through 36.
Of these outcomes, 18 are red, 18 are black, and 1 is green.
On each spin you bet $5 that a red outcome will occur and $1 that the green outcome will occur.
If red occurs, you win a net $4.
(You win $10 from red and nothing from green.)
If green occurs, you win a net $24. (You win $30 from green and nothing from red.) If black occurs, you lose everything you bet for a loss of $6.

a.Use simulation to generate 1,000 plays from this strategy. Each play should indicate the net amount won or lost. Then, based on these outcomes, calculate a 95% confidence interval for the total net amount won or lost from 1,000 plays of the game. (Round your answers to two decimal places and if your answer is negative value, enter "minus" sign.)

Lower Limit?