Suppose the Average Casino Patron in Las Vegas Loses $110

question 30

Short Answer

Suppose the average casino patron in Las Vegas loses $110 per day, with a standard deviation of $700. Assume winnings/losses are normally distributed.
A) What is the probability that a random group of nine people averages more than $500 in winnings on their one-day trip to Las Vegas?
B) What is the probability that a random group of nine people averages more than $500 in losses on their one-day trip to Las Vegas?

• A) What is the probability that a random group of nine people averages more than $500 in winnings on their one-day trip to Las Vegas?
• B) What is the probability that a random group of nine people averages more than $500 in losses on their one-day trip to Las Vegas?

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Definitions:

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