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(Solved): 4)(10 pts) Youre playing a game where you are to pick a ticket from a box with 10 tickets numbere ...



4)(10 pts) You’re playing a game where you are to pick a ticket from a box with 10 tickets numbered from one to ten. If you get a 1, 2, or a 3, you win two dollars. If you get anything else, you lose one dollar.

a)(2pts) Describe the box model for this game.

b)(4pts) How much do you expect to win/lose in 100 games? Find the standard error.

c)(4pts) What is the probability that you win at least $10? Express your answer as a PERCENT.



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a) The box model for this game can be represented by a probability distribution of the tickets in th...
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