Casino games of pure chance eg craps roulette baccarat and


Casino games of pure chance? (e.g., craps,? roulette, baccarat, and? keno) always yield a? "house advantage." For? example, in the game of?double-zero roulette, the expected casino win percentage is 5.36% on bets made on whether the outcome will be either black or red.? (This implies that for every? $5 bet on black or? red, the casino will earn a net of about 36 ?cents.) It can be shown that in 100 roulette plays on?black/red, the average casino win percentage is normally distributed with mean 5.36?% and standard deviation 11?%. Let x represent the average casino win percentage after 100 bets on? black/red in? double-zero roulette. Complete parts a through c.

a. Find ?P(xgreater than>?0). ?(This is the probability that the casino wins? money ?(Round to three decimal places as? needed.)

b. Find P(6< x <15) (Round to three decimal places as? needed.)

c. Find ?P(x<2) ?(Round to three decimal places as? needed.)

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Basic Statistics: Casino games of pure chance eg craps roulette baccarat and
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