In Example 16 and in the previous exercise, we used random numbers to estimate the probability of
Question:
a. Beginning at line 5 of the table of random digits, carry out 20 repetitions and report the average winnings.
b. How does the estimated average winnings compare with the price to play the game?
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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