1. You perform an experiment and analyze three events A, B, and C. You decide that A is independent of Band B is independent of C. Must A be independent of C? If it’s always true, prove it. If it’s not always true, provide a situation where it would be false.
2. One of your friends likes buying scratch-off lottery tickets. One day, upon reading in the fine print that the probability that any given ticket is a winner is one in a thousand, he wistfully wishes aloud that he could afford one thousand tickets so that he could be sure to win.
a. What’s wrong with your friend’s logic? If he could buy a thousand tickets, what’s the probability he would win?
b. How many tickets would he have to buy to have a 90% chance of winning?
1. In our 3 expts A,B and C, if A is independent of B and B is independent of C, then it is not always true that A is independent of C. Consider Boyle Law in physics as an example, recording a certain pressure is independent of time, and recording a certain volume is also independent of time, however, the volume is a direct result of the pressure applied. Hence the relationship between A and C is indepedent of their relationship with B and the case described in the question is not always true
1. You perform an experiment and analyze three events A, B, and C. You decide that...
One of your friends likes buying scratch off lottery tickets. One day, upon reading in the fine print that the probability that any given ticket is a winner is one in a thousand, he wistfully wishes aloud that he could afford one thousand tickets so that he could be sure to win. How many tickets would he have to buy to have a 90% chance of winning?
You buy 19 scratch-off lottery tickets. The standard odds of winning are 1/200. What is the probability that at least one of the tickets is a winner?
A lottery ticket says that the chances of winning are 1 in 5.5. Suppose you buy 8 of these lottery tickets. Find the probability that exactly one of them will be a winner.
(a) If your life plan is to buy one lottery ticket every day for 5 days a week, 50 weeks a year for the next 50 years, where on any lottery ticket you have a one in 500,000,000 chance of winning the jackpot, what is the probability you will win the jackpot at least once in your lifetime? Hint: Let Wi be the event you win the jackpot with the ith lottery ticket. Assume these are independent. (b) (continued) Buying...
Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...
Need help with assignment This assignment involves simulating a lottery drawing. In this type of lottery game, the player picks a set of numbers. A random drawing of numbers is then made, and the player wins if his/her chosen numbers match the drawn numbers (disregarding the order of the numbers). More specifically, a player picks k distinct numbers between 1 and n (inclusive), as well as one bonus number between 1 and m (inclusive). "Distinct" means that none of the...
Can someone do 40, and 44 The Black Gold Oil consid either in Jed Clampett's back yard oe his freet ard. After thorough testing and analnis, they estimate that there is a. 30% chance of striking oil in the back yard and a 40% chance in the front ard. They also estimate that the back yard site would either net $60 million if eil is found) or tose $6 million if oil is not found), and the fronttis lesons yard...
In Java Burdell and the Buzz Problem Description As an aspiring band manager, you need to promote your band and expand publicity. Being hip with the times, you know that social media can make or break a band’s popularity. So, you decide to bring some ‘lucky’ Georgia Tech students to spread the good word! Solution Description Write the Concert, Musician, and Fan classes to guide your band on their rock star journey. You will design these classes from scratch following...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
Cost Accounting Assignment 1 Fellco Manufacturing Fellco Manufacturing produces replacement parts for motorcycles. They specialize in the production of Part 240 and Part 390. Part 240 is the highest volume of the two and for many years was the only part the company produced. Four years ago, Part 390 was added. Part 390 is much more difficult to manufacture and requires special tooling and setups. Profits were on the rise for the first two years after the addition of Part...