MAT 1372 OL57 Bonanome Fall 2021

Bonanome | MAT 1372/OL57 | Fall 2021

OpenLab Assignment 4

Go to the NY Lottery website and pick one game you would like to analyze. For games which have a current Jackpot amount posted – refer to that Jackpot amount as you do this assignment. (Games such as scratch-offs have fixed prizes which do not change.)

Refer to the odds and prizes posted for your game as you calculate the expected winnings. Probabilities are posted as odds – so an odds of 1 in 10 is the same as a probability 0.10. Keep in mind “winnings” are equal to prize money minus the cost of a ticket.

Please show all work. Make sure you create a table to keep track of the values of your random variable (possible winnings) along with their associated probabilities. This will help you to compute the expected value of the winnings for your game.

For an example, refer to the WINFALL lottery calculation we did together in class. No need to calculate the probabilities for your game, however, as they are given to you on the lottery website.

Please submit your assignment as an Excel file via Blackboard. I have created an assignment called “OpenLab Assignment 4” which is available under “Content.”

In order to receive credit, you must submit this assignment by uploading your Excel file to Blackboard. Please do NOT submit this assignment via email as you will not receive credit for it. If you have questions as to how to submit this assignment, please plan ahead and contact me in advance for help. Do not wait until the last moment as the assignment will close.

This assignment is due 10/29/2020 at 5 pm.

Lesson 13: Poisson Distribution

Hi everyone! Read through the material below, watch the videos, work on the Excel lecture and follow up with me if you have questions.

 

Learning Outcomes.

  • Create grouped probability distributions and histograms.
  • Assign probabilities to events using counting methods, and probability distributions.

Topic. This lesson covers: Poisson Distribution

  • 5.7 Poisson Distribution
  • Introductory Statistics by Sheldon Ross, 3rd edition: Section 5.7
  • Statistics with Microsoft Excel by Beverly J. Dretzke, 5th ed., POISSON(x,mean,false) P. 111 – 115

WeBWorK Set 4.6

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Lesson 12: Binomial Distribution

Hi everyone! Read through the material below, watch the videos, work on the Excel lecture and follow up with your instructor if you have questions.

 

Learning Outcomes.

  • Create grouped probability distributions and histograms.
  • Assign probabilities to events using counting methods, and probability distributions.

Topic. This lesson covers: Binomial Distribution

 

  • 5.4 The Binomial Distribution
  • Ross, 3rd edition: Section 5.5
  • Statistics with Microsoft Excel by Beverly J. Dretzke, 5th ed., BINOMDIST(s,n,p,false) P. 104 – 108

WeBWorK. Set 4.3

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