There is a 20% chance of snow today and a 20% chance of snow tomorrow. Assume that the event that it snows today is independent of the event that it snows tomorrow. Find the probability of the following outcomes (you may want to draw a tree diagram).
1) P(snow today and snow tomorrow) =
2) P(snow today and NO snow tomorrow) =
3) P(NO snow today and snow tomorrow) =
4) P(NO snow today and NO snow tomorrow) =
5) What is the probability that it will snow today or tomorrow?
There is a 20% chance of snow today and a 20% chance of snow tomorrow. Assume...
13. 0/7.14 points Previous Answers My Notes Draw an appropriate tree diagram, and use the multiplication principle to calculate the probabilities of all the outcomes. HINT (See Example 3.] There is a 60% chance of rain today and a 50% chance of rain tomorrow. Assume that the event that it rains today is independent of the event that it rains tomorrow. What is the probability that there will be no rain today and no rain tomorrow? X Submit Answer Practice...
Draw an appropriate tree diagram, and use the multiplication principle to calculate the probabilities of all the outcomes. HINT [See Example 3.] There is a 30% chance of rain today and a 20% chance of rain tomorrow. Assume that the event that it rains today is independent of the event that it rains tomorrow. What is the probability that it rains on exactly one of the next two days?
This week Next week Snow 0.42 Suppose a weather forecast reports that the probability of snow this week is 0.35. The forecast states that if it snows this week, the probability that it snows next week is 0.42. If it does not snow this week, the probability that it snows next week is 0.25. The tree diagram depicts the possible weather event outcomes with the associated probabilities. What is the probability that it will snow next week? Provide your answer...
6. (4 points) Suppose there is a 75% chance of rain tomorrow. If it rains there is a 60% you will go to the movies. If it doesn't rain there is a 30% chance you still go to the movies. What is the probability it doesn't rain and you go to the movies. (Hint: Draw a tree diagram) validadore oda a declaration digiarde ene babala nam odtl (no ):2010
The probability that it will be sunny tomorrow is 1/3. If it is sunny, the probability that Ali plays badminton is 4/5. If it is not sunny, the probability that Ali plays badminton is 2/5.a) Draw a tree diagram to describe about the whole situation b) Find the probability that Ali plays badminton tomorrow
Question 3 John has the utility function is u(ci,C2) -c2, where c, is consumption today and c2 is consumption tomorrow. The price of consumption today is £1 and the price of consumption tomorrow is p2. John gets an income of m, today and m2 tomorrow. (a) John also faces the interest rate, r. Write out John's intertemporal budget constraint in present value and future forms. (4 marks) (b) It turns out that John earns an income of £15000 today and...
3. + -/12.5 points WaneFMAC7 8.6.006. My Notes Use Bayes' theorem or a tree diagram to calculate the indicated probability. Round your answer to four decimal places. HINT (See Example 3.] Y1, Y2, Yz form a partition of S. P(X Y ) = .7, P( X Y ) = .1, PCX Y3) = .6, P(Y) = .1, P(Y2) = .4. Find P(Y1 | X). P( YX) = 4. -/12.5 points WaneFMAC7 8.6.011. My Notes Suppose that it snows in Greenland...
Consider the simple two-period model. Let today be period zero and tomorrow be period 1. Assume that today's price of AAA stock is $23 and tomorrow price could be $28 or $21 with equal probabilities. Answer the following questions: a. (1 mark) What is the expected rate of return on AAA stock? b. (2 marks) What is the risk of AAA stock? C. (2 marks) Assume that you want to allocate your initial wealth of $1,000 on a portfolio that...
1. Consider the following problem $20. If stock 1 is selling for $10 today, there is a .80 chance that it will sell for $10 for tomorrow. If it is selling for $20 today, there is a .90 chance that it will sell for $20 tomorrow Consider two stocks. Stock 1 always sells for $10 or Stock 2 always sells for $10 or $25. If stock 2 sells today for $10 there is a .90 chance that it will sell...
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...