. Finite Probability Spacea). In a swimming race, the odds that A will win are 5...
Question 6 Write the correct values in the boxes. For this question, working is not required and will not be marked. Two of many kinds of bets you can make on a horse race are Win' and 'Place'. In each of these you nominate a horse, say 'Neddy', pay some money (your 'stake) and maybe get some money back (your 'payout'). The payout, if paid, is stakexodds, where 'odds is a number greater than 1 specified by the betting agency....
Sometimes probability statements are expressed in terms of odds. The odds in favor of an event A is the following ratio. P(A)/P(not A) = P(A)/P(A^c) For instance, if P(A) = 0.60, then P(A^C) = 0.40 and the odds in favor of A are 0.60/0.40 = 6/4 = 3/2, written as 3 to 2 or 3:2. Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following....
Question Write the correct values in the boxes. For this question, working is not required and will not be marked Two of many kinds of bets you can make on a horse race are ‘win, and Place. In each of these you noininate往horse, say 'Neddy', pay some money (your ‘stake') and maybe get some money back (your 'payout'). The payout, if paid, is stakexodds, where 'odds is a number greater than 1 specified by the betting agency. The odds number...
Justin places a bet on the Steelers to win the Superbowl. The odds are 2:3. Find P(Steelers win)
In a presidential race, there is a 59% chance that the Republican candidate will win. A Republican judge is hoping to be appointed to a federal position. The judge believes that if the Republican candidate wins the presidency, she will have a 86% chance of being appointed to a federal position. If the Republican candidate does not win the presidency, she believes that she only has a 31% chance of being appointed to a federal position. Let R = the...
A local amateur ice skater estimates that the probability she will place first in the next regional competition is 0.60. What are the odds she will win this competition? a) 3 to 2 b) 7 to 3 c) 3 to 8 d) 2 to 3 e) 8 to 3 f) None of the above.
Each game you play, you win with probability p, 0<p<1. You plan to play 5 games, but if you win the fifth game, you will keep playing until you lose. Assume the outcome of each game is independent of all others. a) Find the expected number of games you loss. b) Find the expected number of games you win.
5. The mean time for a 100 meter race at a college track meet is 13.2 seconds, with a standard deviation of 0.9 seconds. To win, the next sprinter needs to run the race in 12.5 seconds or less Assuming this random variable is normally distributed, what is the probability of the sprinter running the race in a short enough time to take the lead? 6) A denim company sells its jeans both online and at a retail store. Assume...
The probability that person A will pass Finite Mathematics is 6/11 and the probability that person B will pass is 4/7 . Assume the events are independent. Find the probability that neither will pass.
You are given 6 to 5 odds against tossing three tails with three coins, meaning you win $6 if you succeed and you lose $5 if you fail. Find the expected value (to you) of the game. Would you expect to win or lose money in 1 game? In 100 games? Explain. Find the expected value (to you) for the game.