Joe likes to go to an old arcade and play 8 games of Skeeball every day. On average, he wins a prize on 64% of the games he plays. Today, however, he won only 3 of the 8 games he played. This made Joe think that there must be something wrong with how he is throwing the ball today. However, a friend tells him, "You might be throwing the same way you usually do. People will sometimes have a group of bad games just because of random variation, not because of psychology, or because they are doing anything differently, or any other reason. For someone with your statistics, such random bad days wouldn't even be very rare." Let's see what Joe's friend means. Suppose that Joe's skill level really hasn't changed, so he still has a 64 % chance of winning each game he plays, like before. If he plays 8 games a day, on what percentage of days will he win 3 games or fewer?
Assume that each game is independent of the others.
Fill in the blank: Joe would win 3 games or fewer on __________ % of the days that he plays.
Help please with steps on how you solved it, I will rate and comment if answered.
Let X is a random variable shows the number of games he win. Here X has binomial distribution with parameters n=8 and p=0.64. The probability that Joe would win 3 games or fewer is
Answer: 11.80%
Joe likes to go to an old arcade and play 8 games of Skeeball every day....
(6(4 pts) A player (Joe) goes to a casino and plays a fair game. The player may wager any amount of money. There is a 0.5 probability of winning. If the player wins, then the player get twice the amount of the bet in winnings. If the player loses, the player gets nothing. Think of betting on a coin toss. If you win you double your money, if you lose you lose your money. This is a "fair" game because...
Adjustment information as of September 30, 2013 not already
given in original transactions:
Joe was very conscientious in checking his customers' credit
history. However, while at the Nevada State Boat Show, he learned
that it is customary within the pleasure boating industry for
retail boat sales to suffer bad debt losses equal to 5% of
credit sales. Joe decides that it is prudent to
use the 5% industry-wide standard until he has more experience with
his own business and customers....
Read the following Hornung v. Commissioner, 47 T.C. 428 (1967), which involves the constructive receipt doctrine and how it was used to determine the year of inclusion in taxable income. How does the constructive receipt doctrine impact a cash-basis individual’s taxable income? What factors could have resulted in a different determination? 47 T.C. 428 (1967) PAUL V. HORNUNG, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 3740-64. United States Tax Court. Filed January 27, 1967. 429*429 Michael J. Clare,...
Read the following Hornung v. Commissioner, 47 T.C. 428 (1967), which involves the constructive receipt doctrine and how it was used to determine the year of inclusion in taxable income and answer both question. How does the constructive receipt doctrine impact a cash-basis individual’s taxable income? What factors could have resulted in a different determination? 47 T.C. 428 (1967) PAUL V. HORNUNG, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 3740-64. United States Tax Court. Filed January 27, 1967....
Joseph Vidrine Joseph is a 66-year-old resident of the facility. He was admitted to Fontenot a little over a year ago after he had suffered several minor strokes. He requires close monitoring and some assistance with dressing and bathing, but is able to get around independently. Joseph is from Mamou, a rural community that has limited long-term care services. Hence, his sister decided that Fontenot would be the best place to meet his needs. Joseph never married but had a...
Evaluate the arical
writ the response in which you state your agreement or disagreement
with writer up un these questions guidelines
1) can empathy lead us astrary? how
2) our heart will always go out to the baby in the well, its a
measure of our humanity. but empathy will have to yield to reason
if humanity is to have a future can empathy yield to reason?
how?
thank you
The Baby in the Well: The Case against Empathy* -Paul...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...