You are selling your product at a three-day event. Each day, there is a 60% chance that you will make money. What is the probability that you will make money on the first day and lose money on the second day, and make money on the third? 0.288 0.144 0.216 0.096
You are selling your product at a three-day event. Each day, there is a 60% chance...
(CO 3) You are selling your product at a three-day event. Each day, there is a 60% chance that you will make money. What is the probability that you will make money on the first day and lose money on the next two days? 0.096 0.216 0.144 0.288
(CO 3) You are selling your product at a three-day event. Each day, there is a 60% chance that you will make money. What is the probability that you will make money all three days? 0.096 0.216 0.144 0.288
Suppose the weather forecast calls for a "60% chance of rain" each day for the next 3 days. What is the probability that it will NOT rain during the next 3 days? Assume that whether it rains each day is an independent event. Round answer to 2 places after the decimal point.
3. In a certain game of chance, you have a 3/4 chance of winning each time you play with the outcomes each time you play independent of each other). Suppose you play the game until you win for the first time. What is the probability you will win the game on the first second, or third time playing it? 4. A box of 40 fuses contains 10 fuses which are defective. If you randomly choose a collection of 5 fuses...
3. In a certain game of chance, you have a 3/4 chance of winning each time you play (with the outcomes each time you play independent of each other). Suppose you play the game until you win for the first time. What is the probability you will win the game on the first, second, or third time playing it?
You start selling product out of your house as a side business to make money on top of your day job. By default, what type of business structure are you currently operating?
(1 point) Each day, Alice is willing to pay up to $60 for a first cup of coffee, up to $54 for a second, and up to $45 for a third. Each day, it costs Bob $33 to produce a first cup of coffee, $39 to produce a second, and $45 to produce a third. Each day, Alice buys three cups of coffee from Bob for $45 each. One day, the government imposes a sales tax of $27 per cup...
Compute the probability of each event. In each case, you must combine the general disjunction rule with either the restricted disjunction rule or the general conjunction rule. Reduce your answer to the lowest whole numbers. Indicate your answers by typing numeric responses into the spaces provided. When rolling a pair of eight-sided dice, what is the probability of getting either a two (Event T) or a four (Event F) on the first die or either a two or a four...
A salesperson for a medical device company has three appointments on a given day. At the first appointment, he believes that he has a 70% chance to make the deal. On the other hand, to make the deal at the second and third appointments depends on previous appointment. He thinks he only has a 50% chance if the previous appointment is successful and 40% chance if not. (For Example: if first appointment is not successful the chance of being successful...
Statistic and Probability Question: ** I ONLY NEED 4 AND 5. Three times each day a quality control engineer samples a component from a recently manufactured batch and tests it. Each part is given one of three classifications conforming - suitable for its intended use downgraded - unsuitable for its intended purpose, but usable for another purpose scrap - not usable An experiment consists of recording (in order) the classifications of the three parts tested on a particular day 1)...