Question: here are two options: a) 100 draws will be made at random with replacement from the box: 1, 1, 5, 7, 8, 8 (SD=3) b)
here are two options: a) 100 draws will be made at random with replacement from the box: 1, 1, 5, 7, 8, 8 (SD=3) b) 25 draws will be made at random with replacement from the box: 14, 17, 21, 23, 25 (SD=4) 1) If the sum of your draws is 550 or more, you will win $100, which option will you choose? Explain why. 2) If the sum of your draws is 450 or less, you will win $100, which option will you choose? Explain why. 3) If the sum of your draws is between 450 and 550, you will win $100, which option will you choose? Explain why
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