A gambling game pays 8 to 1 and has chance 1 out of 10 of winning. If someone plays this game 225 times, betting $2 each time, what is the approximate chance that they win $50 or more in total? Use a box model and normal approximation to do the problem, and choose the answer that is closest. Group of answer choices 0% 12.5% 25% 33%
A gambling game pays 8 to 1 and has chance 1 out of 10 of winning. If someone plays this game 225 times, betting $2 each time, what is the approximate chance that they win $50 or more in total? Use a box model and normal approximation to do the problem, and choose the answer that is closest. Group of answer choices 0% 12.5% 25% 33%
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 29E
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Question
A gambling game pays 8 to 1 and has chance 1 out of 10 of winning. If someone plays this game 225 times, betting $2 each time, what is the approximate chance that they win $50 or more in total?
Use a box model and normal approximation to do the problem, and choose the answer that is closest.
Group of answer choices
0%
12.5%
25%
33%
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