AP+Statistics+Chapter+7+Section+2

AP+Statistics+Chapter+7+Section+2 - AP Statistics Chapter 7...

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AP Statistics Chapter 7 Section 2
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“Sometimes you simply have to  set aside other people’s  expectations and strive to fulfill  your God-given potential.” Eric Weihanmayer 1 st blind person to summit Mt. Everest, 2001
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Vocab Probability Mean, , of a set of observations Mean of a random variable X Expected value Law of large numbers Law of small numbers Variance of a discrete random variable independence ( 29 x
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Lottery wager You choose a 3-digit number. The state chooses a 3-digit winning number at random and pays you $500 if your number is chosen. Create the probability distribution of the amount you win. Outcome $0 $500 Probability
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$0 $500 Probability 0.999 0.001 What are your average winnings? 0(0.999) + 500(.001) = $.50 This is the long run average winnings you expect if you play a very large number of times. This is not , it is .
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This note was uploaded on 04/10/2011 for the course MATH 1070 taught by Professor Akbas during the Fall '08 term at Georgia State University, Atlanta.

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AP+Statistics+Chapter+7+Section+2 - AP Statistics Chapter 7...

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