Mathematics > STUDY GUIDE > Rasmussen College, Minneapolis MAT_GAM_02Deliverable 02 Worksheet (1) (2) (All)
Rasmussen College, Minneapolis MAT_GAM_02Deliverable 02 Worksheet (1) (2)
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Deliverable 02 – Worksheet Your client is going to be travelling to Las Vegas in the near future and he wants to place some bets on his favorite professional baseball team. To ensure he knows the ... odds on his bets he wants to know the probability of certain scenarios occurring. 1. Knowing that the team has won an average of 95 games over the past three seasons and that there are 162 games in a season, estimate the probability of the team winning any single game in the upcoming season. To find the probability of the team winning any single game, we would take the team’s average amount of games which is 95 and divide them by the total number of games which is 162 to get the probability of the team winning any single game. 95 162 =0.586 2. Using the information from number 1, determine the probability that the team will win exactly 100 games in the upcoming season. Since we know the probability of success is constant and the games are independent to each other. We can determine the probability of the team winning exactly 100 games by using P(X=100) The random variable X follows binomial distribution with parameter n= 162 and p= 0.586 . By using excel function =binom.dist(100,162,0.586,0) we know that the probability of the team winning exactly 100 games is 0.046716 [Show More]
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