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Please be sure to use EXCEL and explain how to complete: (Use Excel) In the game of blackjack as played in casinos, the dealer has the advantage....
Please be sure to use EXCEL and explain how to complete:
(Use Excel) In the game of blackjack as played in casinos, the dealer has the advantage. Most players do not play very well. Let’s say the probability of a player winning a random hand is about 45%. Find the probability that the average player:(A) Wins twice in five hands.
(B) Wins ten or more times in 25 hands.
(C) Winsmore than half of the next 50 hands.
Assuming the random variable Z is normally distributed with a mean of 0 and a standard deviation of 1 (standard normal variable), calculate:
4. (A) (B) (C) (D) (E)
