CASE 2. Left wheel is a game table with the following prizes and probabilities: Target in the table |1 |2 |3 Payoff money Probability $1 $2 $3 3/6 2/6 | 1/6 | 1 8. If you want to make a profit for a game, what would be the price for a game you can pay for a game? 2 3.

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CASE 2.
Left wheel is a game table with the following prizes and probabilities:
Target in the table
Payoff money
Probability
2 3
$1
$2
$3
3/6 | 2/6 | 1/6
1
1
3
8. If you want to make a profit for a game, what would be the price for a
game you can pay for a game?
9. Which of the following is NOT explaining about the normal distribution?
A. It is a symmetric shape.
B. Its range is – o through o.
C. It has two parameters, number of trials and success rate.
D. It is a continuous variable.
10. Explain the empirical rule of the normal distribution.
11. What is the z-score? Use the ordinary language.
Transcribed Image Text:CASE 2. Left wheel is a game table with the following prizes and probabilities: Target in the table Payoff money Probability 2 3 $1 $2 $3 3/6 | 2/6 | 1/6 1 1 3 8. If you want to make a profit for a game, what would be the price for a game you can pay for a game? 9. Which of the following is NOT explaining about the normal distribution? A. It is a symmetric shape. B. Its range is – o through o. C. It has two parameters, number of trials and success rate. D. It is a continuous variable. 10. Explain the empirical rule of the normal distribution. 11. What is the z-score? Use the ordinary language.
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