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# statistics

Question # 00012103
Subject: Statistics
Due on: 04/12/2014
Posted On: 04/11/2014 05:40 PM

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1. You are the owner of a small casino in Las Vegas and you would like to reward the high-rollers who come to your casino. In particular, you want to give free accommodations to no more than 10% of your patrons. Suppose that the amount wagered by patrons follows a normal distribution. The mean amount wagered by all patrons is \$287 with a standard deviation of \$15. You should give free accommodations to those individuals who wager over how much money?
(5 points.)

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#### small casino in Las Vegas

Tutorial # 00011670
Posted On: 04/11/2014 05:48 PM
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small_casino_in_Las_Vegas.docx (13.14 KB)
Preview: money?SolutionP(X>k) x 0 xx P(Z>(k-287)/15) = x 10(k-287)/15) = x 28 x x \$306 xxxxxx accommodation can xx given to xx more xxxx xxx Lets xxxxxx K as xxxxxxxxxxx.....
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