Saturday, May 22, 2010

Find the standard error or the sum?

Story: A gambler plays roulette and makes a $1 bet on a pair of numbers 4000 times. The bet pays 17 to 1, and it covers two numbers. We are interested in finding the chance that the casino will make less than $300 from these plays.





Find the standard error or the sum.


a. 254.21


b. 56.76


c. 35.90


d. 4.71


e. none of these

Find the standard error or the sum?
E


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