Reference no: EM131416200
In an ESP test, a "participant" tries to draw a hidden "target" photograph that is unknown to anyone in the room. After the drawing attempt, the participant is shown four choices and asked to determine which one had been the real target. The real target is randomly selected from the four choices in advance, so the probability of a correct match by chance is 1/4. The test is repeated ten times, and four new photographs are used each time.
a. Go through the conditions for a binomial experiment, and explain how this situation fits each one of them, assuming that the participant is just guessing each time.
b. Let X = number of correct choices in the ten tests. If the participant is just guessing, is X a binomial random variable? If not, explain why not. If so, specify n and p.
c. If the participant is just guessing, find P(X = 6).
d. Suppose the participant actually has some psychic ability and can get each answer correct with probability .5 instead of .25. Find P(X = 6).
e. Compare the answers in parts (c) and (d). If the participant actually selects six of the ten answers correctly, would you believe that he or she was just guessing or that he or she was using some psychic ability? Explain your answer. (Note that there is no correct answer here; your reasoning is what counts.)
|
What types of strategy should you consider
: In China, many people are removing their money from the state banks and lending it out themselves. The interest rate earned in a state bank account is about one half the rate of inflation. On the other hand, loaning money to friends, relatives, an..
|
|
Find the probability for each of the given values of x
: Assuming that X is a binomial random variable with n = 4 and p = .7, find the probability for each of the following values of X.- X = 2.
|
|
Describe the given situation and summarize your findings
: As part of your argument, find an article on the Internet that describes a company's decision to relocate some or all of its business operations (goods or services). - Describe this situation and summarize your findings.
|
|
Find probabilities for exactly one of the five individuals
: Find probabilities for the Exactly one of the five individuals is left-handed.- At most one of the five individuals is left-handed.
|
|
Determine which one had been the real target
: Go through the conditions for a binomial experiment, and explain how this situation fits each one of them, assuming that the participant is just guessing each time.
|
|
How much attention do you pay the tweets from advertisers
: How would your answer to this question influence your decision as to how much effort your company should invest in attempting to communicate with customers and clients through Twitter?
|
|
How these particular countries practice marketing
: How these particular countries practice marketing, more specifically the 4P's. The possible marketing issues that can be discussed and presented in class could include: advertisements, culture in detail , distribution system, social networks, pric..
|
|
A time i learned something about friendship
: A narrative essay on "A time I learned something about friendship" Intoduction Body paragraphs with strong details and climax Conclusion Minimum 1500 words.
|
|
Which speaker did you find revealed more useful information
: How did Raquel open your eyes to the tools of online analytics and their usefulness? Which speaker did you find revealed more useful information? Please outline two things that you found useful. One from each or two from one speaker.
|