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- Dividing a JackpotA game between two players consists of tossing a coin. Player A gets a point if the coin shows heads, and player B gets a point if it shows tails. The first player to get six points wins an 8,000 jackpot. As it happens, the police raid the place when player A has five points and B has three points. After everyone has calmed down, how should the jackpot be divided between the two players? In other words, what is the probability of A winning and that of B winning if the game were to continue? The French Mathematician Pascal and Fermat corresponded about this problem, and both came to the same correct calculations though by very different reasonings. Their friend Roberval disagreed with both of them. He argued that player A has probability 34 of winning, because the game can end in the four ways H, TH, TTH, TTT and in three of these, A wins. Robervals reasoning was wrong. a Continue the game from the point at which it was interrupted, using either a coin or a modeling program. Perform the experiment 80 or more times, and estimate the probability that player A wins. bCalculate the probability that player A wins. Compare with your estimate from part a.Dividing a Jackpot A game between two pIayers consists of tossing coin. Player A gets a point if the coin shows heads, and player B gets a point if it shows tails. The first player to get six points wins an $8000 jackpot. As it happens, the police raid the place when player A has five points and B has three points. After everyone has calmed down, how should the jackpot be divided between the two players? In other words, what is the probability of A winning (and that of B winning) if the game were to continue? The French mathematicians Pascal and Fermat corresponded about this problem, and both came to the same correct conclusion (though by very different reasoning's). Their friend Roberval disagreed with both of them. He argued that player A has probability of Winning, because the game can end in the four ways H, TH, TTH, TTT, and in three of these, A wins. Roberval’s reasoning was wrong. Continue the game from the point at which it was interrupted, using either a coin or a modeling program. Perform this experiment 80 or more times, and estimate the probability that player A wins. Calculate the probability that player A wins. Compare with your estimate from part (a).If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the expected value of this game is E=0.9+0.1= .
- If a binomial experiment has probability p success, then the probability of failure is ____________________. The probability of getting exactly r successes in n trials of this experiment is C(_________, _________)p (1p)In Example 10, researchers selected five people at random from the population. What is the probability that all five people expected much of the workforce to be automated within 50 years?In Example 8, what is the probability that an employee chosen at random has 30 or more years of service?
