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StatisticsChallengeSampling Distributions

Sampling Distributions · Challenge problem

A casino game has, for the player, expected gain −$0.05-\$0.05 and standard deviation $1\$1 per $1\$1 bet, independently each time. After how many bets is the player’s chance of being ahead (net gain above 00) down to about 0.02280.0228? Use the central limit theorem.