If p represents the probability of success of a player in any game and M represents the sum of money he will receive in case of success Then his expectation = Select one: a. p/M а. b. p*M C. p+M d. p-M

Q: Q2. In some investment company the manager is preparing to call on a potential new client. The…

A: The probability is calculated in statistics and mathematics.

Q: At the Royal Dragon Chinese​ restaurant, a slip in the fortune cookies indicates a dollar amount…

A: Given data: The total numbers of fortune cookies are n=10. The number of fortune cookies that…

Q: a For a given value of k, what is the probability that Joe selects the best job? b What value of k…

A: Answer:

Q: Jill and Pete come to the bookstore and each of them can buy one English-Chinese dictionary with the…

A:

Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 14…

A: Given, The expected value of $10 bet for a single number is -$1.06

Q: To generate leads for new business, Gustin Investment Services offers free financial plan- ning…

A: Note: Hi there! Thank you for posting the question. As your question has more than 3 parts, we have…

Q: .Find the following probabilities if the probability that it is windy is 0.4 .A- The weather should…

A: Let us define some events A : the weather is overcast. B : the weather is windy. It is given that…

Q: Suppose a high school gymnasium bag contains volleyballs, basketballs, and В 0.47 soccer balls.…

A: Based on the tree diagram, the known values are: PBasket ball=0.47PVolley ball=0.42PSoccer…

Q: Solve the problem that involves probabilities with events that are not mutually exclusive. An ice…

A: Let A be a set of n elements. To select r objects from a collection of n elements in the set A…

Q: Find the following probabilities. (a) P(negative | not pregnant) (b) P(not pregnant | positive)

A: Number of not pregnant = 58 Number of negative and Not pregnant = 55 Number of positive = 63 Number…

Q: e 5. A dice is thrown at random what is the expectation of the number on it ?

A: If a die is thrown than the possible outcomes areS=1,2,3,4,5,6P(getting 1)=16P(getting…

Q: A decision-maker has subjectively assigned the following probabilities to the four outcomes:…

A: We know that for a probability distribution to be valid; the probabilities should lie between 0 and…

Q: An investor can sell an investment now for P10,000. Another alternative is hold the investment for…

A: Given : Current Price = P 10,000 Sales Price = X Probabilities = Y P 5000 0.4 P 10,000 0.2…

Q: A transmitter produces three symbols A, B, C which are related with joint probabilities as shown in…

A: Given information: A transmitter produces three symbols A, B, C. The probabilities of 3 symbols is…

Q: Suppose a lottery with 1,000,000 tickets has a first prize of $200,000, three second prizes of…

A: Given that a lottery with 1,000,000 tickets has a first prize of $200,000, three second prizes of…

Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 20…

A:

Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 29…

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Q: The probability that a randomly chosen male has a circulation problem is 0.25. Males who have a…

A: Given that The probability that a randomly chosen male has a circulation problem is 0.25. Males who…

Q: In chi-square analysis, categories are combined if  a. Expected frequencies are less than b.…

A: In chi-square analysis, Expected frequency= Value * Expected Frequency

Q: The probability that a university graduate will be offered no jobs within a month of graduation is…

A: From the given information we want to find the probability for given event.

Q: 2- Education Level a Smoking At a large factory, the employees were surveyed and classified…

A: Given contingency table is:  Smoking habit Not high school graduate High school graduate College…

Q: At the Royal Dragon Chinese restaurant, a slip in the fortune cookies indicates a dollar amount that…

A:

Q: What is her mathematical expectation if the probabilities of her getting an A or B are 0.32 and…

A: Let X denote the value of gift. Then the probability distribution of X is X 1000 500 0 P(X = x)…

Q: If the probabilities that restaurant will have service 3, 4, 5, 6, 7, or 8, or more customers on any…

A: Given : x p (x) 3 0.10 4 0.19 5 0.25 6 0.20 7 0.10 8 0.07

Q: Using historical records, the personnel manager of a plant has determined the probability of X, the…

A: From the provided information, X 0 1 2 3 4 5 6 7 P (X) 0.0041 0.0244…

Q: Carlo, Judd, and Lorenzo shoot at a target in alphabetical order with probabilities 1/4, 1/3, 1/2,…

A:

Q: The probability that a university graduate will be offered no jobs within a month of graduation is…

A: Let X=a graduate is offered   no.of job  offers X 0 1 2 3 P(X) 0.06 0.44 0.30 0.20

Q: The owner of a local movie theater keeps track of the number of tickets sold in each purchase. The…

A: The variable X denotes the number of tickets bought in one purchase.

Q: In probability, a fair game is when expected value is positive. True O False

A: Probability is a branch of mathematics or statistics which basically deals with the chances of…

Q: The probability that a university graduate will be offered no jobs within a month of graduation is…

A:

Q: In a city, there are two water source and water pipe line (shape is given). Brake down probabilities…

A: Union of Two Events: For any two events A and B, union of A and B, written as A∪B, is defined as the…

Q: Given two events G and H, the probabilities of each occurring are as follows: P(G) = 0.5; P(H) =…

A: Given,P(G)=0.5P(H)=0.31P(H AND G)=0.09

Q: A City of Quincy raffle offers one $800 prize, two $400 prizes and seven $100 prizes. Two thousand…

A: one $800 prize two $400 prizes seven $100 prizes. Two thousand tickets are sold at $50 each.

Q: Department of Public Work and Highways employs three consulting firms (D, E, and F) with…

A:

Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number 31…

A: Answer is explained below

Q: The probability that a university graduate will be offered no jobs within a month of graduation is…

A: Let x denotes the number of job offers.

Q: A blackjack player at a Las Vegas casino learned that the house will provide a freeroom if play is…

A: a) It is given that a blackjack player at a casino observed that a house will provide a free room…

Q: (b) Determine the following probabilities

A: here use venn diagram for answer the required probability

Q: ame show contestant is offered the option of receiving a computer system worth $2100 or accepting a…

A: We first make a probability distribution winning amount (xi)  4900 7300 probability (pi)…

Q: Q2. In some investment company the manager is preparing to call on a potential new client. The…

A: Given: Outcome P(Outcome) $0 0.8 $1500 0.1 $4000 0.03 $15000 0.07 Sum 1

Q: Compute the indicated probabilities by referring to the probability tree. 0.6 -R 0.3 (A) P(MnS) (B)…

A: Given the probability tree we have to find the probability of P(M and S) P(R)

Q: The probability that a university graduate will be offered no jobs within a month of graduation is…

A: Let X=no.of jobs within a month of graduationGiven,P(X=0)=0.08P(X=1)=0.36P(X=2)=0.27P(X=3)=0.29

Q: a construction project, the amount of material used in a day’s construction is either 100 units or…

A:

Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 17…

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Q: Select the correct variable to indicate where the probabilities belong when finding a conditional…

A: We know : P(B|A), meaning P(B is happening, given A occured)

Q: Find the following probabilities. (a) P(X = 2) (b) P(X <2)

A:

Q: At the Royal Dragon Chinese restaurant, a slip in the fortune cookies indicates a dollar amount that…

A: From the given information we want to find the expected amount.

Q: At the Royal Dragon Chinese restaurant, a slip in the fortune cookies indicates a dollar amount that…

A:

Q: The table below shows the probability of winning 0-5 dollars playing a game.   Amount Won ($) 0 1…

A: Given data and calculation for expected winning amount