The is the belief that a string of losses in the past will be compensated by wins in the future. winning wager O gambler's fallacy O gambler's bet O law of large numbers

Q: The odds of losing is the ratio of the number of unsuccessful outcomes to the number of successful…

A: Given:The odds of event occurring is 1:2.Thus, it implies:Number of events will occur=1Number of…

Q: Which of the following values cannot be probabilities? 3/5, 5/3, -0.44, 1, 2, 0, 0.02, 1.2

A: Given Data: Given Probabilities: 3/5, 5/3, -0.44, 1, 2, 0, 0.02, 1.2

Q: A stock market analyst figures the probabilities that two related stocks, A and B, will go up in…

A: Given that A will go up to be 0.7 the probability that both stocks will go up to be 0.2 we need to…

Q: An unprepared student must take a 5-question multiple-choice test that has 5 possible answers per…

A: Given that the student can eliminate one of the possible answers on the first three questions. That…

Q: Mrs. Polka started a new game of high stakes in her classes.  In a bag she has 10 pieces of paper, 2…

A: We have given that  Total piece of paper=10 2 of them 5 bonus points , 3 of them 2 bonus points,  5…

Q: The Probability and Return for the four financial instruments are given for your reference in the…

A: Given information: The data represents the frequency distribution of returns.

Q: How to know if two events ( A and D ) are independent or not independent in this intersction

A:

Q: Which of the following values cannot be probabilities? 1,5/3, √√2, 3/5, -0.55, 0.09, 1.32, 0

A:

Q: In a College, the probability that a student takes Mathematics and Accounting in the same semester…

A: Let M - Mathematics and A - Accounting. Given :  P(M and A) =0.125,  P(A) = 0.50

Q: A convenience store has made up 20 grab bag gifts and is offering them for $2.00 a bag. Ten bags…

A: Given that, Total bags = 20

Q: A school fair offers a game with a winning probability of 0.1. Winning the game has a $10 prize.…

A: Probability of winning (p) = 0.1 Probability of losing (q) = 0.9 Let the game cost = x

Q: American League with a .364 batting average. To keep it simple, assume this means that every time he…

A: p = 0.364 n = 12

Q: Several states have an annual raffle called the Millionare Raffle. A ticket with a unique 6-digit…

A:

Q: Determine whether each statement is true or false. If the statement is false, explain why. 1.…

A: 1. Probability is used as a basis for inferential statistics.   Answer: TRUE 2. The height of…

Q: The chances of winning are often written in terms of odds rather than probabilities. The odds of…

A: Total number of cards = 52 Number of 7 of clubs = 1 If a random card is selected, the possible…

Q: 4. The gambler wants to know whether or not the probability of winning with his new strategy is…

A: Given that  A gambler has developed a new strategy in order to test the gambler  plays 50 games  n=…

Q: The probabilities that a customer buys 1, 2, 3, 5, 8 apples each day in a grocery store are 0.20,…

A: We have given that  Probability distribution  B 1 2 3 5 8 p(B) 0.20 0.32 0.23 0.18 0.07 I…

Q: (a) (b) the probability that tails will show up 9 times when this coin is tossed 12 times; the…

A:

Q: 2. Explain whether each of the following claim could be correct: A businessman claims that the…

A: A businessman claims that P(he will get contract A)=P(A)=0.15  and P(he will get contract…

Q: Is the given statement true or false? Justify your answer In a poker game, probability of getting a…

A: The above statement says that : probability of getting a four of a kind >probability of getting a…

Q: Identify if its true or false  In tossing a fair coin, the chances of obtaining a “head” is 0.50 or…

A:

Q: Sociologists say that 80% of married women claim that their husband's mother is the biggest bone of…

A:

Q: company is hiring for an open position and has n interviews set up, one per day. Each day, if the…

A:

Q: Explain the following proposition with example: “Probability provides a way of summarizing the…

A: Probability: Probability is a chance factor that occurs at every outcome of a random experiment.…

Q: t a raffle, 500 ticket are sold at $4 each. There are twenty $10 prizes, four $50 prizes, and one…

A: Let X be a random variable such that X: Gain or loss in buying one ticket in dollars X -4 10 50…

Q: conomists believe that the annual inflation rate in Turkey is affected by the changes in the…

A: Given: To explain the given statement as follows, Given details: The probability of the inflation…

Q: ind the probability that the supply will be accepted entirely.

A: Here Given Total Number of USB drives=250 Number of Defective drives=15 Number of Non defective…

Q: The Eastwoods are going to have a child. She has chestnut hair (MBdMBk), and he has dark brown hair.…

A: Hair color is determined by 2 pairs of genes- one which determines placement on the color spectrum…

Q: 5. The odds of the Flames winning during an entire season at the Coral were 2:7. By moving to the…

A: Solution

Q: d. The height requirement for Batman the Ride at Six Flags Magic Mountain is 54 inches. What percent…

A: here mean =  55 inch standard deviation= 6 inches X= height of 10 year old child

Q: Choose the correct answer below. O A. The statement does not make sense because an event having two…

A: It might be rai tomorrow or it might not be rain tomorrow, is a statement. So, if one says that…

Q: A stock market analyst figures the probabilities that two related stocks, A and B, will go up in…

A: P(A) = 0.8 P(A and B) = 0.3

Q: 4. A geological study indicates that an exploratory oil well should strike oil with probability of…

A: Note: " Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If…

Q: A player tosses two fair coins. He wins $ 5 if 2 heads occur, $ 2 if 1 head occurs and 1 if no head…

A:

Q: Probability is always a number between and inclusive?

A:

Q: O Impossible O Likely O Unlikely O Certain

A: The sample space for two standard dice is given as:…

Q: Part A: What is the probability that an agreement will be reached on both issues?

A:

Q: The chances of winning are often written in terms of odds rather than probabilities. The odds of…

A: Given data if the number of success full out comes is 2 and the number of unsuccess full outcomes…

Q: A weather forecaster announced that the probability of rain tomorrow is -1.0. We conclude there is…

A: According to the provided information, a weather forecaster announced that the probability of rain…

Q: o. what is the probability that the mean of the numbers is 1.5 ? b. what is the probability that the…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Suppose we know that the probabilities P(A) = .5, P(B|A) = .3 and P(A or B) =.3. What is the value…

A: Given information- We have given the probabilities- P (A) = .5, P (B|A) = .3 and P (A or B) = .3

Q: onsider the following hypothetical scenario: Say there were 110 million Filipinos in 2020 and 500…

A: Given: Number of people in Filipinos = 110 million…

Q: d. Note that the probability of this data sample would be greater if the value of p(x = 1) was not…

A: A coin is flipped 5 times. The sample data S={1,1,0,1,0} Heads is denoted by 0 and tails by 1

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: Chandler offers you the opportunity to play his $2 game where he shuffles four cards and you must…

A: Expected profit E(X)= x.P(X=x)

Q: A poll showed that 54.6% of Americans say they believe that statistics teachers know the true…

A:

Q: Carlie is betting on a game in which each bet has an expected value of -$0.56. This implies A.…

A: It is given that the expected value is -$0.56.

Q: What's the probability that a good credit customer will now not receive a loan (Type I error)? a=…

A:

Q: fast please Recently, a nurse commented that when a patient calls the medical advice line claiming…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.