The Iowa Energy are scheduled to play against the Maine Red Claws in an upcoming game in
Question:
a. Develop a spreadsheet model that simulates the points scored by each team.
b. What are the average and standard deviation of points scored by the Iowa Energy?
What is the shape of the distribution of points scored by the Iowa Energy?
c. What is the average and standard deviation of points scored by the Maine Red Claws?
What is the shape of the distribution of points scored by the Maine Red Claws?
d. Let Point Differential 5 Iowa Energy points Maine Red Claw points. What is the average point differential between the Iowa Energy and Maine Red Claws? What is the standard deviation in the point differential? What is the shape of the point differential distribution?
e. What is the probability that the Iowa Energy scores more points than the Maine Red Claws?
f. The coach of the Iowa Energy feels that they are the underdog and is considering a riskier game strategy. The effect of this strategy is that the range of each Energy players point production increases symmetrically so that the new range is [0, original upper bound 1 original lower bound]. For example, Energy player 1s range with the risky strategy is [0,25]. How does the new strategy affect the average and standard deviation of the Energy point total? How does that affect the probability of the Iowa Energy scoring more points that the Maine Red Claws?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Essentials Of Business Analytics
ISBN: 611
1st Edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams