MAT3172CB3 G&B Consulting Binomial Distribution Analysis Instructions You have just been hired by G&B consulting and given your first assignment. A local

MAT3172CB3 G&B Consulting Binomial Distribution Analysis Instructions

You have just been hired by G&B consulting and given your first assignment. A local independently wealthy citizen who happens to enjoy both gambling and baseball, but not math, has asked you to help him determine the likelihood of some different outcomes for the upcoming season.

What to Submit

To complete this assignment, you must first download the word document. (attached)

Your step-by-step breakdown of the problems, including explanations, should be present within the word document provided. If you use Excel for any of your calculations that file must also be included in the drop box.

Please ensure there are complete and detailed steps provided to explain how to solve the problem, all problems are solved correctly, and any mathematical expressions and any graphs or tables are properly formatted. Deliverable 02 – Worksheet
Your client is going to be travelling to Las Vegas in the near future and he wants to place some bets on
his favorite professional baseball team. To ensure he knows the odds on his bets he wants to know the
probability of certain scenarios occurring.
1. Knowing that the team has won an average of 95 games over the past three seasons and that there
are 162 games in a season, estimate the probability of the team winning any single game in the
upcoming season.
Enter your step-by-step answer and explanations here.
2. Using the information from number 1, determine the probability that the team will win exactly
100 games in the upcoming season.
Enter your step-by-step answer and explanations here.
3. Using the information from number 1, determine the probability of the team winning at least 100
games in the upcoming season.
Enter your step-by-step answer and explanations here.
4. Using the information from number 1, determine the probability of the team winning less than
100 games.
Enter your step-by-step answer and explanations here.
5. Working in parallel with you, a coworker found the probability of the team winning less than 100
games to be 80.96%. Do these results match yours? If not, identify the error that was made.
Enter your step-by-step answer and explanations here.
6. What assumptions must be made in this scenario that allow us to use a binomial distribution?
What are some possible reasons why a binomial distribution may not accurately represent the
scenario?
Enter your step-by-step answer and explanations here.

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