Question

Suppose you were interested in how good someone was at surfing. You find that, 54% of...

Suppose you were interested in how good someone was at surfing. You find that, 54% of the

time, they successfully do a particular trick. 8% of the time, they do the trick with small

mistakes. The rest of the time they fail to do the trick at all.

- In any one attempt to do the trick, what is the probability that this person will complete

it, either perfectly or with small mistakes?

- Assume that surfing success rate in each attempt to do the trick is independent of

success in any other attempt to do the trick. Suppose you were interested in how many

times this surfer would successfully complete the trick (with no mistakes or with minor

mistakes) in four upcoming attempts. What is the probability that the surfer fails to

complete the trick in the first attempt and then completes it with no mistakes in the

next three attempts?

- What is the probability that the surfer fails to complete the trick in all four attempts

(they do not do the trick at all in any of the events)?

-What is the probability that the surfer successfully completes the trick (with or without

mistakes) in at least one of the four attempts?

-Suppose the proportion of trick success rate (completing without mistakes or with small

mistakes) was distributed on a normal curve with a mean of 0.68 and a standard

deviation of 0.07. What percent of surfers would you expect to have fewer successful

attempts (no mistakes or with small mistakes) than the surfer you watched?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1) Let p = P(surfer completes the trick successfully or with small mistakes)        
p = 0.54 + 0.08        
p = 0.62        
P(person will complete the trick, either perfectly or with small mistakes in any one attempt) = 0.62        
         
2) s = 0.54 Probability of success without any mistakes       
p = 0.62 Probability of success with or without mistakes       
q = 1 - 0.62 = 0.38  Probability of failure in a single attempt      
P(surfer fails to complete the trick in the first attempt and then completes it with no mistakes in the next three attempts)        
= q * s * s * s        
= 0.38 * 0.54 * 0.54 * 0.54        
= 0.0598        
P(surfer fails to complete the trick in the first attempt and then completes it with no mistakes in the next three attempts) = 0.0598        
         
3) P(surfer fails to complete the trick in all 4 attempts)        
= q * q * q * q        
= 0.38 * 0.38 * 0.38 * 0.38        
= 0.0209        
P(surfer fails to complete the trick in all 4 attempts) = 0.0209       
         
4) P(surfer successfully completes in atleast 1 of the 4 attempts)        
= 1 - P(surfer does not successfully complete in all of the 4 attempts)        
= 1 - 0.0209  (0.0209 is the probability calculated in (3))      
   = 0.9791        
P(surfer successfully completes in atleast 1 of the 4 attempts) = 0.9791        
         
5) p = 0.62   which is the probability of success of our surfer        
Let X be the proportion of trick success rate         
X follows normal distribution with mean = 0.68 and standard deviation = 0.07        
We have to find percentage of surfers with success rate less than 0.62        
P(X < 0.62)        
We use Excel function NORM.DIST to find the probability        
P(X < 0.62) = NORM.DIST(0.62, 0.68, 0.07, TRUE)        
P(X < 0.62) = 0.1957        
Percentage of surfers with fewer successful attempts than our surfer = 19.57%        

Add a comment
Know the answer?
Add Answer to:
Suppose you were interested in how good someone was at surfing. You find that, 54% of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Suppose you were a very wealthy individual who was interested in buying a soccer team. You...

    Suppose you were a very wealthy individual who was interested in buying a soccer team. You were considering purchasing a team that tended to win 42% of their games, to lose 52% of their games, and to tie in 6% of their games. 1. In any one game, what is the probability that the team will either win or tie. 2. Suppose you go to see this team play in a five-game series, assume that success in each game is...

  • (a) Suppose you are interested in the number of lightning fatalities in Canada. You find that...

    (a) Suppose you are interested in the number of lightning fatalities in Canada. You find that there are an average of 15 fatalities per year due to lightning. What is the probability that there is 9 to 11 lightning strikes this year (to two decimal places)? (b)The amount of time (in minutes) that you wait at the for the crosswalk to turn green is anywhere from 9 to 56 seconds. What is the probability that you wait more than 18...

  • 4. Suppose you are interested in finding out how many people in the population have Covid19....

    4. Suppose you are interested in finding out how many people in the population have Covid19. How would you attempt to do that? Explain carefully. What are some challenges that you might encounter and how might you overcome them? (25 points)

  • please answer all questions Suppose you are interested in bidding on a parcel of land and...

    please answer all questions Suppose you are interested in bidding on a parcel of land and you know that one other bidder is interested. The seller has announced that the highest bid will be accepted. The other competitor's bidding price for the land will vary evenly from $72,000 to $85,500. a) Let B be the competitor's bid for the parcel of land. What are the distribution and parameter(s) of B? b) What is expected value and standard deviation of the...

  • What is gamma risk? Suppose you were managing an option portfolio and had gamma risk. How...

    What is gamma risk? Suppose you were managing an option portfolio and had gamma risk. How would you get rid of gamma risk without incurring any other significant risk, at least for small market moves?

  • 1. Suppose that you do not know your true success rate at basketball free throws. Out...

    1. Suppose that you do not know your true success rate at basketball free throws. Out of the 17 attempts, you were able to make 9 of them. a) What is the point estimate associated to the true probability of success p?  (4 decimals) b) What is the standard error associated to this estimate?   (4 decimals) 2. Suppose that you claimed to someone that you can make basketball free-throw shots 80% of the time. Someone didn't believe you with a level of...

  • Suppose we are interested in analyzing the market share and customer loyalty for Murphy's Foodlin...

    Suppose we are interested in analyzing the market share and customer loyalty for Murphy's Foodliner and Ashley's Supermarket, the only two grocery stores in a small town. We focus on the sequence of shopping trips of one customer and assume that the customer makes one shopping trip each week to either Murphy's Foodliner or Ashley's Supermarket, but not both. Suppose that, as part of a market research study, we collect data from 100 shoppers over a 10-week period. Suppose further...

  • Needhelp in below projects Legal Aspects of Business Answer any one of the questions 1 and...

    Needhelp in below projects Legal Aspects of Business Answer any one of the questions 1 and 2. Question number three and four is compulsory. 1.”All agreements are not contracts but all contracts are agreements.” Discuss the statement explaining the essential elements of a valid contract. 2.What is an “offer”? When is it complete? State the rules of a valid offer. {15 marks} 3. Attempt the following problems, giving reasons:- A] Over a cup of coffee in a restaurant, A invites...

  • 1a) Suppose you flip a weighted coin 19 times with probability of heads 0.55. Let X...

    1a) Suppose you flip a weighted coin 19 times with probability of heads 0.55. Let X equal the number of heads. What is the mean number of heads (to two decimal places)? 1b) Suppose we have weighted coin with probability of heads being 0.30. What is the probability of getting four heads in five flips, to 2 decimal places?    2) Suppose a particular stock follows the "random walk" model where on any given day there is a 0.02 chance that...

  • Problem 16-01 Suppose we are interested in analyzing the market share and customer loyalty for Murphy's...

    Problem 16-01 Suppose we are interested in analyzing the market share and customer loyalty for Murphy's Foodliner and Ashley's Supermarket, the only two grocery stores in a small town. We focus on the sequence of shopping trips of one customer and assume that the customer makes one shopping trip each week to either Murphy's Foodliner or Ashley's Supermarket, but not both. Suppose that, as part of a market research study, we collect data from 100 shoppers over a 10-week period....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT