PROBABILITY AND STATISTICS-regular highschool level, statistics homework help

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Plz take a look at this assignment and do it only if u are 100 percent sureu can answer all of them.....there are several files u need to complete the actual graded assingment....i am providing  u with all of them.....THE FIRST THREE FILE THAT ARE UPLOADED ARE THE FILES YOU NEED TO FINISH THE ASSINGMENT IT SELF........ THE LAST FILE IS THE FILE WITH THE GRADED ASSINGMENT IN IT......IN THE GRADED ASSIGNMENT FILE...THERE ARE 3 PARTS... IN ORDERFOR THE ASSIGNMENT TO BE COMPLETE ALL THREE PARTS MUST BE COMPLETE SO BE SURE U FINSIH THAT... plz get the correct answers as this is very important.

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m1chael
School: New York University

Hello here are the answers.. I submitted this document with only the answers to the letters to check it for plagiarism. Check the answers and later i will send you the full document with the questions ;)

1.
Dear Game Maker,
I really appreciate that you have contacted me. In this case it seems that the design of
your game needs some adjustments. As you noticed, after trying the game with the help
of volunteers, players are losing points after few turns. This can be explained using
probability theory. The concept that we will use in this case is called expected value, which
is the long-run average value of repetitions of the experiment it represents.
First of all we assume that each section is equally likely to appear, and no biases affect our
trials. This means that the probability for each event is equal and it is equal to1/12. As
each player gives up 10 points with each move, we are going to calculate the expected
“profit” for each move. In example if a player is lucky enough to get the 40 points section,
the profit in points will be 30 points, for the sections with 10 points it will be zero points
and for the “Try again” sections it will be -10 points.
Considering these facts we can calculate the expected value, which is the sum of each
variable’s multiplication with the corresponding probability. Expected value is symbolizes
as E(X), and in this case it is equal to E(X)=30×1/12+4×0×1/12+7×(-10)×1/12=-3.33
As we can see the expected value is negative, so it’s expected that players are losing points
in the long run. Considering that, you have to make some adjustments in your game
design.
As you mentioned you want the players to win at least one point in the long run, so the
expected value has to be at least 1. As you...

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Anonymous
Good stuff. Would use again.

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