USE BINOMIAL) In the game of blackjack as played in casinos in Las Vegas, Atlant
ID: 3310339 • Letter: U
Question
USE BINOMIAL) In the game of blackjack as played in casinos in Las Vegas, Atlantic City, Niagara Falls, as well as many other cities, the dealer has the advantage. Most players do not play very well. As a result, the probability that the average player wins a hand is about 45%. Find the probability that an average player wins.
a Twice in 5 hands.
b Ten or more times in 25 hands.
I'd like you to complete the following problems on Excel. Copy the results to a Word document to be submitted and to uploaded through this assignment. Please also attach your Excel file where you entered the formulas.For each problem, I'd also like you to briefly describe the results in narrative form.
Explanation / Answer
Solution:- p = 0.45
a. P(x = 2) = 5C2*0.45^2*0.55^3 = binompdf(5,0.45,2) = 0.3369
b. P(10<= x <=25) = 1 - P(0<= x <=9) = 1 - binomcdf(25,0.45,9) = 1 - 0.134 = 0.866
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