Hi, The problem: Suppose that you bet $5 on each of a sequence of50 independent
ID: 2954403 • Letter: H
Question
Hi, The problem: Suppose that you bet $5 on each of a sequence of50 independent fair games. Use the central limit theorem tiapproximate the probability that you will lose more than $75.I don't understand why i have to lose more than 32 games andwin less than 17.5 games. It should not be, to lose more than 15 games and win less than35 games? Thanks! The problem: Suppose that you bet $5 on each of a sequence of50 independent fair games. Use the central limit theorem tiapproximate the probability that you will lose more than $75.
I don't understand why i have to lose more than 32 games andwin less than 17.5 games. It should not be, to lose more than 15 games and win less than35 games? Thanks! I don't understand why i have to lose more than 32 games andwin less than 17.5 games. It should not be, to lose more than 15 games and win less than35 games? Thanks!
Explanation / Answer
please post the full question. it seems some data are missing which are there in the text book
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