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Question: Blackjack is a popular casino game in


Blackjack is a popular casino game in which a player is dealt two cards where the value of the card corresponds to the number on the card, face cards are worth ten, and aces are worth either one or eleven. The object is to get as close to 21 as possible without going over and have cards whose value exceeds that of the dealer. A blackjack is an ace and a ten in two cards. It pays 1.5 times the bet. The dealer plays last and must draw a card with sixteen and hold with seventeen or more. The following distribution shows the winnings and probability for a $20 bet. In cases where the dealer and player have the same value, there is a tie (called a “push”). Source: “Examining a Gambler’s Claims: Probabilistic Fact-Checking and Don Johnson’s Extraordinary Winning Streak” by W.J. Hurley, Jack Brimberg, and Richard Kohar. Chance Vol. 27.1, 2014.



Blackjack is a popular casino game in which a player is dealt -1

(a) Compute and interpret the expected value of the game from the player’s point of view.
(b) Suppose over the course of one hour, a player can expect to be dealt about 40 hands. How much should a player expect to win or lose over the course of three hours?


> Explain what the dotplots in part (c) of Exercises 7.17–7.22 illustrate about the impact of increasing sample size on sampling error. Data from Exercise 7.17: Each year, Forbes magazine publishes a list of the richest people in the United States. As of

> Repeat parts (b)–(e) of Exercise 7.17 for samples of size 6. What is the relationship between the only possible sample here and the population? Data from Exercise 7.17: Each year, Forbes magazine publishes a list of the richest people in the United Stat

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> At the beginning of this chapter, we presented a cross classification of data on eye color and hair color collected as part of a class project by students in an elementary statistics course at the University of Delaware. a. Explain what it would mean for

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> n = 10, p = 0.2

> n = 9, p = 0.75

> n = 8, p = 0.5

> n = 6, p = 0.3

> n = 11, p = 0.75, x ≥ 8

> n = 12, p = 0.35, x ≤ 4

> n = 20, p = 0.7, x ≥ 12

> n = 7, p = 0.5, x > 3

> n = 10, p = 0.65, x < 5

> n = 9, p = 0.2, x ≤ 3

> What does it mean when sampling is done without replacement?

> n = 20, p = 0.6, x = 17

> n = 8, p = 0.35, x = 3

> n = 50, p = 0.02, x = 3

> n = 40, p = 0.99, x = 38

> n = 15, p = 0.85, x = 12

> n = 10, p = 0.4, x = 3

> In a town with 400 citizens, 100 randomly selected citizens are asked to identify their religion. The number who identify with a Christian religion is recorded.

> One hundred randomly selected U.S. parents with at least one child under the age of 18 are surveyed and asked if they have ever spanked their child. The number of parents who have spanked their child is recorded.

> A baseball player who reaches base safely 30% of the time is allowed to bat until he reaches base safely for the third time. The number of at-bats required is recorded.

> A basketball player who makes 80% of her free throws is asked to shoot free throws until she misses. The number of free- throw attempts is recorded.

> Define simple random sampling.

> Three cards are selected from a standard 52-card deck with replacement. The number of kings selected is recorded.

> Three cards are selected from a standard 52-card deck without replacement. The number of aces selected is recorded.

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> As a rule of thumb, if______ , the probability distribution of a binomial random variable X is approximately bell shaped.

> The expected number of successes in a binomial experiment with n trials and probability of success p is______ .

> The phrase “no more than” is represented by the math symbol ______.

> True or False: In the binomial probability distribution function, nCx represents the number of ways of obtaining x successes in n trials.

> What is a frame?

> What is a random variable?

> A major theme during the 2018 election in both the House and Senate was the popularity of President Trump (a Republican). The scatter diagram below shows the presidential approval rating (percent of registered voters who approve of the job the president

> One question from the Sullivan Statistics Survey I was “How many credit cards do you currently have?” This question was asked only of those individuals who have at least one credit card. Go to www.pearsonhighered.com/sullivanstats to obtain the survey re

> Use the probability distribution from Problem 20 and a DISCRETE command for some statistical software to simulate 100 repetitions of the experiment. Approximate the mean and standard deviation of the random variable X based on the simulation. Repeat the

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> To the nearest dollar, what is the standard deviation of the value of the life insurance policy from Problem 26? Why is the value so high?

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> A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report, 58(21), the probability that the male survives the year is 0.998734. Compute and interpret the

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> The Future Government Club wants to sponsor a panel discussion on the upcoming national election. The club wants four of its members to lead the panel discussion. Obtain a simple random sample of size 4 from the below table. Write a short description of

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> What is the difference between a discrete random variable and a continuous random variable? Provide your own examples of each.

> (a) The number of defects in a roll of carpet. (b) The distance a baseball travels in the air after being hit. (c) The number of points scored during a basketball game. (d) The square footage of a house.

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> What is the difference between a permutation and a combination?

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