2. Fill in the blanks: A standardized variable always has a mean of O and a standard deviation of The probability is 0.667 that the favorite in a horse race will finish in the money (first, second, or third place). In 500 horse races, roughly how many times will the favorite finish in the money?
2. Fill in the blanks: A standardized variable always has a mean of O and a standard deviation of The probability is 0.667 that the favorite in a horse race will finish in the money (first, second, or third place). In 500 horse races, roughly how many times will the favorite finish in the money?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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A standardized variable is always has mean 0 and standard deviation of 1.
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