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Lucky Spot A reporter working on a story about the New York lottery contacted one of the

Stats Modeling the World | 4th Edition | ISBN: 9780321854018 | Authors: David E. Bock, Paul F. Velleman, Richard D. De Veaux ISBN: 9780321854018 481

Solution for problem 41 Chapter 17

Stats Modeling the World | 4th Edition

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Stats Modeling the World | 4th Edition | ISBN: 9780321854018 | Authors: David E. Bock, Paul F. Velleman, Richard D. De Veaux

Stats Modeling the World | 4th Edition

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Problem 41

Lucky Spot? A reporter working on a story about the New York lottery contacted one of the authors of this book, wanting help analyzing data to see if some ticket sales outlets were more likely to produce winners. His data for each of the 966 New York lottery outlets are graphed below; the scatterplot shows the ratio TotalPaid/ TotalSales vs. TotalSales for the states instant winner games for all of 2007. The reporter thinks that by identifying the outlets with the highest fraction of bets paid out, players might be able to increase their chances of winning. (Typically but not alwaysinstant winners are paid immediately (instantly) at the store at which they are purchased. However, the fact that tickets may be scratched off and then cashed in at any outlet may account for some outlets paying out more than they take in. The few with very low payouts may be on interstate highways where players may purchase cards but then leave.) a) Explain why the plot has this funnel shape. b) Explain why the reporters idea wouldnt have worked anyway.

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 Statistics the science of analyzing data o The objective of statistics is to make inferences about a population based on the information contained in a sample from that population and to provide an associated measure of goodness for 1.1: Sampling  Population the entire collection of objects or outcomes about which information is sought  Sample a subset of a population, containing the objects or outcomes that are actually observed o Simple random sample a sample chosen by a method in which each collection of n population items is equally likely to comprise the sample o Sample of convenience a sample that is not drawn by a well-defined random method o Sampling

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Chapter 17, Problem 41 is Solved
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Textbook: Stats Modeling the World
Edition: 4
Author: David E. Bock, Paul F. Velleman, Richard D. De Veaux
ISBN: 9780321854018

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Lucky Spot A reporter working on a story about the New York lottery contacted one of the