Our Services

Get 15% Discount on your First Order

MGF2106 – Project 4Directions: This project contains multiple parts, and each part of the project contains

MGF2106 – Project 4

Directions: This project contains multiple parts, and each part of the project contains several questions. Answer each question to the best of your ability. Record your answer for each question in the proper format and upload it to the appropriate Assignment (Projects) folder within Falcon Online by the due date posted within the Course Schedule.

Submission Format Instructions: Your submission must meet the following criteria to be accepted for grading.

· There are two options for submitting your work. Note that a requirement for each is that you must save your work as a single document.

1. Your submission can be a single, typed document saved as a Word document (.doc). Please know that every Daytona State College student has access to Microsoft Word. Refer to the Course Addendum under Microsoft Office.

2. You can also hand write your work and scan it into a single Portable Document Format (.pdf), or in Joint Photographic Expert Group (.jpeg) format.

· Your name must be at the top of your submission. Once you have answered the questions, upload your completed work to the appropriate Assignment (Projects) folder in Falcon Online. Be sure to click on “Submit” after using the “Add a file” link.

· Do not type the questions from the project into your submission. Only submit your answers to the questions.

MGF2106 Project 4: Statistics & Probability

Directions: Answer each question thoroughly using proper grammar and complete sentences. Record your answers in a separate document and submit your work according to the criteria provided in the Project Instructions. Please show all your work, when applicable.

In this project, you will be traveling to Las Vegas and trying to win some money gambling. Before we get started, here are some key terms that we will be using/finding:

·
Mean = the average of the data set (add all the values and divide by how many there are)

·
Median = the middle value of the data set (put the numbers in ascending order and find the middle value or the average of the middle two)

·
Mode = the number that occurs most often in a data set (find the number that occurs most often, sometimes there is no mode if they are occur the same number of time)

·
Standard Deviation = measures how much data values deviate from the mean (

use this calculator

1. You are traveling to Las Vegas, Nevada for a weekend trip and need to find a hotel for your stay. You have searched area hotels and find the following prices per night:

\$343, \$89, \$152, \$219, \$169, \$147, \$256, \$77, \$219

Find the mean, median, mode, and standard deviation of this sample. Round each answer to 2 decimal places.

 Mean Median Mode Standard Deviation

2. You realize that the \$89 hotel and the \$77 hotel are not in the ideal location that you would like to stay in. So now you remove those two hotels from your list and now have the remaining prices per night:

\$343, \$152, \$219, \$169, \$147, \$256. \$219

Find the mean, median, mode, and standard deviation of this sample. Round each answer to 2 decimal places.

 Mean Median Mode Standard Deviation

3. Now let’s compare the values from the first table (in number 1) to the second table (in number 2). Decide if each term had an increase, decrease, or no change. If there was an increase or a decrease, state the amount that it increased or decreased by and why you think that happened.

 State if there was an: Increase/decrease/no change The amount of increase (+) or decrease (-) or no change (0) Why do you think the values changed that way or why did the values stay the same? Mean Median Mode Standard Deviation

Before you arrive at Las Vegas, you want to study and understand probability. Please read the following:

·
Probability is a number that reflects the chance of something happening

·
Probability is most used in weather, sports, and insurance but is found in many other areas

·
The notation for the probability of A happening is given by

·
Probably is always between ZERO and ONE ()

·
To calculate:

The image below shows the possible outcomes of the sum of two dice.

4. Let us consider that you are rolling the two dice one time. Fill in the table below with the probabilities as a fraction (you do not need to reduce to lowest terms) and as a decimal rounded to 3 decimal places.

 Find the probability that…. Probability as a fraction Probability as a decimal The sum is 7 The sum is greater than 9 The sum is even Both dice show the same number The sum is 7 or 11

The image below shows all the different cards in a deck of 52 playing cards. Notice that 26 cards are red (13 hearts and 13 diamonds) and 26 cards are black (13 clubs and 13 spades).

5. You are to pick one card at random from a deck of 52 cards. Fill in the table below with the probabilities as a fraction (you do not need to reduce to lowest terms) and a decimal rounded to 3 decimal places.

 Find the probability that…. Probability as a fraction Probability as a decimal The card is black The card is diamond The card is a face card (J,Q,K) The card is an A The card has an even number on it

Combinations of items are arrangements in which different sequences of the same items are counted as being the same. That is, we use combinations to find how many different groups we can form from a total, with no mention or concern of order. We often see combinations found in lottery results. Combinations are denoted by , where is the total items to choose from and represents the size of the group being formed. In order to find a combination,

use this calculator and plug in n and r.

This will give you a result of how many groups can formed of size “” from the total “” with no order.

6. You are interested in playing the game KENO at the casinos, but first you want to find out how many different groups of the numbers can be formed. KENO is like the lottery where you select a certain amount of numbers out of 80. Then random numbers are drawn, and you see how many of your numbers have been selected. Fill in the table below with the number of possible sets of numbers that can be formed with = 80 using the combinations calculator from above.

 How many possible groups 5 numbers are chosen ( = 5) 10 numbers are chosen ( = 10) 15 numbers are chosen ( = 15) 20 numbers are chosen ( = 20)

7. What is the
probability you win, given the fact that you play KENO and select 15 numbers? (leave your answer as a fraction)

Permutations of items are arrangements in which different sequences of the same items are counted as being separately. That is, we use permutations to find how many different groups we can form from a total, with mention of a specific order. We often see permutations found in race results. Permutations is denoted by , where is the total and represents the size of the group being formed. In order to find a permutation,

use this calculator and plug in n and r.

This will give you a result of how many groups can formed of size “” from the total “” with a specific order.

8. You are interested in gambling on a horse race, with 15 total horses participating. You want to find out how many ways the top 3, the top 5, the top 7, and the top 10 can finish in order. You want to calculate the permutations with = 15 by using the permutations calculator from above.

 How many possible groups Top 3 horses in order ( = 3) Top 5 horses in order ( = 5) Top 7 horses in order ( = 7) Top 10 horses in order (= 10)

9. Where else do you see probability used? What are some other areas where combinations and permutations are used?

image2.png

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Implement your study by collecting sample data and using Stapplet.com to calculate summary statistics and create a graph

Implement your study by collecting sample data and using Stapplet.com to calculate summary statistics and create a graph

14 questions with multiple parts. Bid price will be stay as listedMGF2106 – Project 5Directions: This project

14 questions with multiple parts. Bid price will be stay as listed MGF2106 – Project 5 Directions: This project contains multiple parts, and each part of the project contains several questions. Answer each question to the best of your ability. Record your answer for each question in the proper format

Abstract Assignment Grading Rubric (40 points possible)Title Page – 1 Point (Must have PERFECT APA formatting!)Part One – Submit answers to

Abstract Assignment Grading Rubric (40 points possible) Title Page – 1 Point (Must have PERFECT APA formatting!) Part One – Submit answers to questions posted on Canvas (16 points total). Part Two – Abstract (2 points each item, or 16 points total) a. Include the word “Abstract” at the top

Emrati Coffee Delivery Dubai: Your ultimate source for coffee convenience. We roast, you savor. We bring the finest coffee right to your doorstep,

Emrati Coffee Delivery Dubai: Your ultimate source for coffee convenience. We roast, you savor. We bring the finest coffee right to your doorstep, ensuring each cup is a moment of pure indulgence. Elevate your coffee experience with Emrati.

Poster: Draft Assignment InstructionsOverviewScholarly dissemination is essential for any doctoral

Poster: Draft Assignment Instructions Overview Scholarly dissemination is essential for any doctoral level student. Posters are often a way to ease into scholarly communication. Building a poster is one of the ways scholars participate in the dissemination of knowledge. Instructions 1. Your poster submission must have a central focus, as

Regression Data: Output and Write-up InstructionsOverviewWriting a results section is the foundation

Regression Data: Output and Write-up Instructions Overview Writing a results section is the foundation of a peer-reviewed research journal article. By doing so, you are creating the building block for discovering new knowledge. Instructions Provide a results section of a multiple regression analysis using Hayes Process Macro written in the

Survey research has become an important component of the public agency data analyst’s toolbox.  1) Explain how survey research has been used to support

Survey research has become an important component of the public agency data analyst’s toolbox.  1) Explain how survey research has been used to support AND analyze policy decisions by public administrators.

Respond based on these course objectives: · Describe and measure data. · Solve problems related to probability. · Make inferences about a

Respond based on these course objectives: · Describe and measure data. · Solve problems related to probability. · Make inferences about a population, Please answer the following questions with supporting examples and full explanations. 1. For each learning objective, provide an analysis of how the course supported each objective. 2.

Individual HW 8 – Z Scores Summer 24 Started: Jun 17 at 7:48pmQuiz InstructionsQuestion 1 0.5 ptsThis assignment is related to your

Individual HW 8 – Z Scores Summer 24 Started: Jun 17 at 7:48pm Quiz Instructions   Question 1 0.5 pts This assignment is related to your Chapter 8 (Salkind) material. Okay, you guessed it! More Miami Heat data! I know you might be getting a little tired of basketball

PLEASE SEE ATTACHEMENTSThe topic I chose is:Time Motion Analysis: Impact of Scribes on Provider Time ManagementPurpose of the study:The

PLEASE SEE ATTACHEMENTS The topic I chose is: Time Motion Analysis: Impact of Scribes on Provider Time Management Purpose of the study: The purpose of this study is to determine if scribes benefit Emergency Department providers with time management. Research question addressed in the study: There were 3 points addressed

Literature Review Final Assignment InstructionsOverviewThe literature review begins with a discussion

Literature Review Final Assignment Instructions Overview The literature review begins with a discussion of the study’s purpose and results and then transitions to an argument for the need for further research. You should cite the results portion of other research in this paper and discuss the need for further research.

FURTHER INFORMATION IN ATTACHMENTS-You will write an initial post, ideally 1 to 2 paragraphs in length, to the discussion topic and reply to at

FURTHER INFORMATION IN ATTACHMENTS -You will write an initial post, ideally 1 to 2 paragraphs in length, to the discussion topic and reply to at least two posts outside of your initial post thread during the module. -Read and critique the assigned article for this module tilted Association of E-Cigarette

Individual HW 8 – Z Scores Summer 24 Started: Jun 17 at 7:48pmQuiz InstructionsQuestion 1 0.5 ptsThis assignment is related to your

Individual HW 8 – Z Scores Summer 24 Started: Jun 17 at 7:48pm Quiz Instructions   Question 1 0.5 pts This assignment is related to your Chapter 8 (Salkind) material. Okay, you guessed it! More Miami Heat data! I know you might be getting a little tired of basketball

Please post 2 or more peer responses In the response posts, remember to demonstrate you have read and understood the student’s post by taking their

Please post 2 or more peer responses In the response posts, remember to demonstrate you have read and understood the student’s post by taking their discussion to the next level. Include the following in your responses: · State whether you agree with the meaning of the relationship as described by

Methods and Interpretation of results worksheetWorksheet Identification of Methods and Interpretation of ResultsPrompt:

Methods and Interpretation of results worksheet Worksheet Identification of Methods and Interpretation of Results Prompt: Review Table 1 below and then complete the Module Six Worksheet steps. Note: the chi-square (c2) test is covered in Module Seven. Table 1: Characteristics of Women According to Intake of Alcohol Variable Nondrinker* Drinker*

You will use the following Kaggle dataset for this assignment:

You will use the following Kaggle dataset for this assignment:

revise helpQuestions:6a) For a clearer grasp and to properly justify whether your quantitative variables fall under discrete or continuous

revise help Questions: 6a) For a clearer grasp and to properly justify whether your quantitative variables fall under discrete or continuous categories, please refer back to the explanation provided in in-class activity 1C, specifically in the section between questions 2 and 3. This review will enhance your understanding of the

Please post 2 or more peer responses In the response posts, remember to demonstrate you have read and understood the student’s post by taking their

Please post 2 or more peer responses In the response posts, remember to demonstrate you have read and understood the student’s post by taking their discussion to the next level. Do this by: · Stating why you agree or disagree with your peers’ conclusions on the significance and importance of