After recording the pizza delivery times for two different p…
After recording the pizza delivery times for two different pizza shops, you conclude that: Pizza Shop 1: has a mean delivery time of 45 minutes with a standard deviation of 5 minutes. Pizza Shop 2: has a mean delivery time of 43 minutes with a standard deviation of 19 minutes. Interpret these figures. If you like the pizzas from both shops equally well, which one would you order from? Why? Choose the statement below for which both portions are correct:
Read DetailsIn the game of Roulette, if you place a $10 bet on number 12…
In the game of Roulette, if you place a $10 bet on number 12, there are two possible outcomes: either you profit $350 or you lose $10 (the prize is $360, but subtracting the $10 bet equals a net gain of $350). The probability that you win is 1/38 and the probability that you lose is 37/38. Calculate the expected value of how much money you’ll get if you bet $10 on number 12 in Roulette?
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