Mathematics, 06.12.2021 03:10 merrymary3000
Every Thursday, Matt and Dave's Video Venture has “roll-the-dice" day. A customer may choose to roll two fair dice and rent a second movie for an
amount (in cents) equal to the numbers uppermost on the dice, with the larger number first. For example, if the customer rolls a two and a four, a
second movie may be rented for $0.42. If a two and two are rolled, a second movie may be rented for $0.22. Let X represent the amount paid for a
second movie on roll-the-dice day. The expected value of X is $0.47 and the standard deviation of X is $0.15.
If a customer rolls the dice and rents a second movie every Thursday for 30 consecutive weeks, what is the approximate probability that the total
amount paid for these second movies will exceed $15.00?
I saw other questions for this but why is the standard deviation 0.15*sqrt of 30 and not 0.15*30 because I thought this is a linear transformation
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Every Thursday, Matt and Dave's Video Venture has “roll-the-dice" day. A customer may choose to roll...
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