--%>
Assignment Help - homework help

Probability of winning game

Monte Carlo Simulation for Determining Probabilities 1. Determining the probability of winning at the game of craps is difficult to solve analytically. We will assume you are playing the `Pass Line.'  So here is how the game is played: The shooter rolls a pair of dice. If she rolls a 7 or an 11, she wins. If she rolls a 2, 3, or 12, she loses. If she rolls anything else (4, 5, 6, 8, 9, 10), it is called a point. She keeps rolling until that point is rolled again (win) or a 7 is rolled (loss). For example, if the shooter rolls a 9 on the first roll (the point is set to 9), she keeps rolling until a 9 is rolled again, in which case she wins and the game ends. If a 7 is rolled before the 9, she loses and the game ends. Simulate this game using a computer program.

   Related Questions in Advanced Statistics

  • Q : Calculate corresponding t value or s

    1)    Construct a 99% confidence interval for the population mean µ.   2)    At what significance level do the data provide good evidence that the average body temperature is

    		•
  • Q : Grouped Frequency Distributions Grouped

    Grouped Frequency Distributions: Guidelines for classes: A) There must be between 5 to 20 classes. B) The class width must be an odd number. This will assure that the class mid-points are integers rather than decimals. C) The classes should be mutually exclusive. This signifies that no data valu

    		•
  • Q : Describe how random sampling serves

    Explain sampling bias and describe how random sampling serves to avoid bias in the process of data collection.    

    		•
  • Q : How you would use randomization in

    The design of instrument controls affects how easily people can use them. An investigator used 25 students who were right-handed to determine whether right-handed subjects preferred right-handed threaded knobs. He had two machines that differed only in that one had a

    		•
  • Q : True and False Statement Discuss the

    Discuss the following statements and explain why they are true or false: a)      Increasing the number of predictor variables will never decrease the R2 b)      Multicollinearity affects the int

    		•
  • Q : Binomial distribution 1) A Discrete

    1) A Discrete random variable can be described as Binomial distribution if is satisfies four conditions, Briefly discuss each of these conditions2) A student does not study for a multiple choice examination and decides to guess the correct answers, If the

    		•
  • Q : Problem on Poisson distribution The

    The number of trucks coming to a certain warehouse each day follows the Poisson distribution with λ= 8. The warehouse can handle a maximum of 12 trucks a day. What is the probability that on a given day one or more trucks have to be sent away? Round the answer

    		•
  • Q : Probability problem A) What is the

    A) What is the probability of getting the following sequence with a fair die (as in dice):B) What is the probability of getting the same sequence with a die that is biased in the following way: p(1)=p(2)=p(3)=p(4)=15%;

    		•
  • Q : Problem on consumers marginal utility

    Consider a consumer with probability p of becoming sick.  Let Is be the consumer’s income if he becomes sick, and let Ins be his income if he does not become sick, with Is < Ins. Suppo

    		•
  • Q : Analysing the Probabilities 1. In the

    1. In the waning seconds of Superbowl XLVII, the Baltimore Ravens elected to take a safety rather than punt the ball. A sports statistician wishes to analyze the effect this decision had on the probability of winning the game. (a) Which two of the following probabilities would most help t

    		•