Five $20 bills, four $10 bills, four $5 bills and seven $1 bills are placed in...
Five $20 bills, four $10 bills, four $5 bills and seven $1 bills are placed in a bag. If a bill is chosen at random, what is the expected value for the amount chosen?
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Five $20 bills, four $10 bills, four $5 bills and seven $1 bills
are placed in...
3. (14 pts) A box contains three $1 bills, two $5 bills, five $10 bills, and...
3. (14 pts) A box contains three $1 bills, two $5 bills, five $10 bills, and one $20 bill. Construct a probability distribution for the data if x represents the value for a single bill drawn at random and then replaced. Find the mean, variance, and standard deviation (1
5. A box contains two $10 bills, five $5 bills, and eight $1 bills. Two bills are taken at random without replacem...
5. A box contains two $10 bills, five $5 bills, and eight $1 bills. Two bills are taken at random without replacement from the box. a. What is the probability of drawing exactly $15? b. What is the probability that both bills will be of the same denomination? (i.e., two $10, two $5, or two $1 bills are drawn)?
You have a collection of different dollar bills: Three $1 bills Four $5 bills Two $20...
You have a collection of different dollar bills: Three $1 bills Four $5 bills Two $20 bills You buy a scoop of ice cream for $0.75, and you choose one of the bills at random to pay for it. How much change can you expect to get (On average how much change do you get back)?
2. Suppose that an urn contains: four $5 bills, three $50 bills, and one $100 bill....
2. Suppose that an urn contains: four $5 bills, three $50 bills, and one $100 bill. Write simulation codes and run them to estimate the following quantities (place the command set.seed(2) before any for or while loop). in R (a) If three bills are drawn (w/out replacement) from the urn, what is the probability that total will exceed $100. (b) The expected sum of the bills drawn given that three bills are drawn (w/out replacement) from the urn.
3. Player R has $1, $10, and $50 bills, while player C has $5 and $20...
3. Player R has $1, $10, and $50 bills, while player C has $5 and $20 bills. Each randomly chooses a bill and shows it for each play of the game. The one with the larger bill collects the difference between their bill and that of the other player. Build a payoff matrix for this game and determine the optimal pure strategy, if one exists.
18. A box of animal crackers contains five hippos, two lions, three zebras, and four elephants....
18. A box of animal crackers contains five hippos, two lions, three zebras, and four elephants. Find the probability if one animal cracker is chosen at random. a. Pla hippo b. P(not an elephanf) c. P(an elephant or a lion) lu 19. Suppose you have a dark closet containing seven blue shirts, five yellow shirts, and eight white shirts. You pick two shirts at random from the closet. Find each probability. a. P(blue then yellow) with replacing b. P(blue then...
Michael has a box of colored balls. It contains two red balls, two green balls, two...
Michael has a box of colored balls. It contains two red balls, two green balls, two yellow balls, and five blue balls. Michael draws a ball at random from the box Let R denote the event that the ball he draws is red, and let B denote the event that the ball he draws is blue. What is Pr(R|B)? What is Pr(R|B′)? Enter your answers as whole numbers or fractions in lowest terms. A bag contains four 1-dollar bills, three...
The following is a known probability model for bills collected at a bank. x | $1...
The following is a known probability model for bills collected at a bank. x | $1 | $2 | $5 | $10 | $20 | $50 | $100 P(x) | 0.35 | 0.01 | 0.25 | 0.2 | 0.1 | 0.05 | 0.04 -What is the probability that the first bill of the day that is collected is a $20 bill, the second bill collected is a $1 bill, and the third bill is a $10 bill? -What is the...
An urn contains 2 one-dollar bills, 1 five-dollar bill, and 1 ten-dollar bill. A player draws...
An urn contains 2 one-dollar bills, 1 five-dollar bill, and 1 ten-dollar bill. A player draws bills one at a time without replacement from the urn until a ten-dollar bill is drawn. Then the game stops. All bills are kept by the player. Determine: (A) The probability of winning $12. (B) The probability of winning all bills in the urn. (C) The probability of the game stopping at the second draw.
please solve the circled questions! Short Answers 1. Joe has five times as much money as...
please solve the circled questions!
Short Answers 1. Joe has five times as much money as Bill. However, Joe pays Bill 55 he owes him after which Joe has just twice the amount Bill now has. How much money did each have in the beginning? Answer 2. Terry has 2 more quarters than dimes and has a total of S6,80. How many quarters and dimes does Terry have? 0.25x H.Oy=6.80 4:18 dimes x=yta > x= 18+2=20 quarters Answer 20 quarter/18...
3. (14 pts) A box contains three $1 bills, two $5 bills, five $10 bills, and one $20 bill. Construct a probability distribution for the data if x represents the value for a single bill drawn at random and then replaced. Find the mean, variance, and standard deviation (1
5. A box contains two $10 bills, five $5 bills, and eight $1 bills. Two bills are taken at random without replacement from the box. a. What is the probability of drawing exactly $15? b. What is the probability that both bills will be of the same denomination? (i.e., two $10, two $5, or two $1 bills are drawn)?
3. Player R has $1, $10, and $50 bills, while player C has $5 and $20 bills. Each randomly chooses a bill and shows it for each play of the game. The one with the larger bill collects the difference between their bill and that of the other player. Build a payoff matrix for this game and determine the optimal pure strategy, if one exists.
18. A box of animal crackers contains five hippos, two lions, three zebras, and four elephants. Find the probability if one animal cracker is chosen at random. a. Pla hippo b. P(not an elephanf) c. P(an elephant or a lion) lu 19. Suppose you have a dark closet containing seven blue shirts, five yellow shirts, and eight white shirts. You pick two shirts at random from the closet. Find each probability. a. P(blue then yellow) with replacing b. P(blue then...
please solve the circled questions!
Short Answers 1. Joe has five times as much money as Bill. However, Joe pays Bill 55 he owes him after which Joe has just twice the amount Bill now has. How much money did each have in the beginning? Answer 2. Terry has 2 more quarters than dimes and has a total of S6,80. How many quarters and dimes does Terry have? 0.25x H.Oy=6.80 4:18 dimes x=yta > x= 18+2=20 quarters Answer 20 quarter/18...
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