question archive Anyone who bets money in a casino is classified as a winner if he or she wins more than he or she loses

Anyone who bets money in a casino is classified as a winner if he or she wins more than he or she loses

Subject:StatisticsPrice: Bought3

Anyone who bets money in a casino is classified as a winner if he or she wins more than he or she loses. Casino operators in Atlantic City, New Jersey, believe that the proportion of all players who go home a winner is 0.46. Suppose 75 Atlantic City gamblers are selected at random.

  1. [3 marks] Find the sampling distribution of the proportion of gamblers who go home winners.
  2. [2 marks] Find the probability that the sample proportion is less than 0.40.
  3. [2 marks] Find the probability that the sample proportion is more than 0.45.
  4. [3 marks] Find a symmetric interval about the mean (p=0.46) such that the probability that the
  5. sample proportion is in this interval is 0.99

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE