This slot machine is a one-coin game. For 95% confidence interval z = 1.96. Variance is 5.401. Net Pay Probability 1 0.856 -1 0.078 -4 0.047 -9 0.018 -49 0.001 If a gamer played 10,000 times with this machine. What is the 95% confidence interval of hold percentage? (Round off to the nearest hundredth.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 8SGR
icon
Related questions
Question

This slot machine is a one-coin game. For 95% confidence interval z = 1.96. Variance is 5.401.

Net Pay

Probability

1

0.856

-1

0.078

-4

0.047

-9

0.018

-49

0.001

If a gamer played 10,000 times with this machine. What is the 95% confidence interval of hold percentage? (Round off to the nearest hundredth.)

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,