Statistics for Business and Economics plus MyLab Statistics with Pearson eText -- Access Card Package (8th Edition)
8th Edition
ISBN: 9780321937940
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
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Question
Chapter 3.1, Problem 5E
(a)
To determine
Find out the event that is complement of event A.
(b)
To determine
Find out intersection of A and B.
(c)
To determine
Find out A union B.
(d)
To determine
Check whether A and B are mutually exclusive or not.
(e)
To determine
Check whether the union of A and B are collectively exhaustive or not.
(f)
To determine
Prove that
(g)
To determine
Prove that
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Question 2
A potential criminal enjoys a gain of g > 0 from committing an illegal act. If the potential criminal does not commit the act, he gets a gain equal to g = 0. The expected punishment upon conviction is p (e.g. number of years in prison), but there is the possibility of legal error. In particular, if the criminal commits the act, there is a probability r that he will not be punished, and if the criminal did not commit the act, there is a probability q that he will be punished regardless.
a. Derive the net gain (i.e. gain minus expected punishment) for the criminal from not committing the illegal act.
b. Use your answer in a. to derive the condition for the criminal to commit the illegal act. Show and explain every step of your calculations.
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Chapter 3 Solutions
Statistics for Business and Economics plus MyLab Statistics with Pearson eText -- Access Card Package (8th Edition)
Ch. 3.1 - Prob. 1ECh. 3.1 - Prob. 2ECh. 3.1 - Prob. 3ECh. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.2 - Prob. 8ECh. 3.2 - Prob. 9ECh. 3.2 - Prob. 10E
Ch. 3.2 - Prob. 11ECh. 3.2 - In a city of 180,000 people there are 20,000 legal...Ch. 3.2 - Prob. 13ECh. 3.2 - Prob. 14ECh. 3.2 - Prob. 15ECh. 3.2 - Prob. 16ECh. 3.2 - Prob. 17ECh. 3.2 - Prob. 18ECh. 3.3 - Prob. 19ECh. 3.3 - Prob. 20ECh. 3.3 - Prob. 21ECh. 3.3 - Prob. 22ECh. 3.3 - Prob. 23ECh. 3.3 - Prob. 24ECh. 3.3 - Prob. 25ECh. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3.3 - Prob. 28ECh. 3.3 - Prob. 29ECh. 3.3 - Prob. 30ECh. 3.3 - Prob. 31ECh. 3.3 - Prob. 32ECh. 3.3 - Prob. 33ECh. 3.3 - Prob. 34ECh. 3.3 - Prob. 35ECh. 3.3 - Prob. 36ECh. 3.3 - Prob. 37ECh. 3.3 - Prob. 38ECh. 3.3 - Prob. 39ECh. 3.3 - Prob. 40ECh. 3.3 - Prob. 41ECh. 3.3 - Prob. 42ECh. 3.3 - Prob. 43ECh. 3.3 - Prob. 44ECh. 3.3 - Prob. 45ECh. 3.3 - Prob. 46ECh. 3.3 - Prob. 47ECh. 3.3 - Prob. 48ECh. 3.3 - Prob. 49ECh. 3.3 - Prob. 50ECh. 3.3 - Prob. 51ECh. 3.4 - Prob. 52ECh. 3.4 - Prob. 53ECh. 3.4 - Prob. 54ECh. 3.4 - Prob. 55ECh. 3.4 - Prob. 56ECh. 3.4 - Prob. 57ECh. 3.4 - Prob. 58ECh. 3.4 - Prob. 59ECh. 3.4 - Prob. 60ECh. 3.4 - Prob. 61ECh. 3.4 - Prob. 62ECh. 3.4 - Prob. 63ECh. 3.4 - Prob. 64ECh. 3.4 - Prob. 65ECh. 3.4 - Prob. 66ECh. 3.4 - Prob. 67ECh. 3.4 - Prob. 68ECh. 3.4 - Prob. 69ECh. 3.4 - Prob. 70ECh. 3.4 - Prob. 71ECh. 3.4 - Prob. 72ECh. 3.4 - Prob. 73ECh. 3.4 - Prob. 74ECh. 3.4 - Prob. 75ECh. 3.4 - Prob. 76ECh. 3.4 - Prob. 77ECh. 3.5 - Prob. 78ECh. 3.5 - Prob. 79ECh. 3.5 - Prob. 80ECh. 3.5 - Prob. 81ECh. 3.5 - Prob. 82ECh. 3.5 - Prob. 83ECh. 3.5 - Prob. 84ECh. 3.5 - Prob. 85ECh. 3.5 - Prob. 86ECh. 3.5 - Prob. 87ECh. 3 - Prob. 88ECh. 3 - Prob. 89ECh. 3 - Prob. 90ECh. 3 - Prob. 91ECh. 3 - Prob. 92ECh. 3 - Prob. 93ECh. 3 - Prob. 94ECh. 3 - Prob. 95ECh. 3 - Prob. 96ECh. 3 - Prob. 97ECh. 3 - Prob. 98ECh. 3 - Prob. 99ECh. 3 - Prob. 100ECh. 3 - Prob. 101ECh. 3 - Prob. 102ECh. 3 - Prob. 103ECh. 3 - Prob. 104ECh. 3 - Prob. 105ECh. 3 - Prob. 106ECh. 3 - Prob. 107ECh. 3 - Prob. 108ECh. 3 - Prob. 109ECh. 3 - Prob. 110ECh. 3 - Prob. 111ECh. 3 - Prob. 112ECh. 3 - Prob. 113ECh. 3 - Prob. 114ECh. 3 - Prob. 115ECh. 3 - Prob. 116ECh. 3 - Prob. 117ECh. 3 - Prob. 118ECh. 3 - Prob. 119ECh. 3 - Prob. 120ECh. 3 - Prob. 121ECh. 3 - Prob. 122E
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