A desk contains three drawers. Drawer 1 contains twogold coins. Drawer 2 contains one gold coin and one silvercoin. Drawer 3 contains two silver coins. I randomly choosea drawer and then randomly choose a coin. If a silver coinis chosen, what is the probability that I chose drawer 3?

A desk contains three drawers. Drawer 1 contains twogold coins. Drawer 2 contains one gold coin and one silvercoin. Drawer 3 contains two silver coins. I randomly choosea drawer and then randomly choose a coin. If a silver coinis chosen, what is the probability that I chose drawer 3?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section11.5: Simulating Games Of Chance

Problem 38P: You have 5 and your opponent has 10. You flip a fair coin and if heads comes up, your opponent pays...

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Concept explainers

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.

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A desk contains three drawers. Drawer 1 contains two
gold coins. Drawer 2 contains one gold coin and one silver
coin. Drawer 3 contains two silver coins. I randomly choose
a drawer and then randomly choose a coin. If a silver coin
is chosen, what is the probability that I chose drawer 3?

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