Estimating probability based on the discrete distribution

Assignment Help Basic Statistics
Reference no: EM1316029

1. Dr. Stats plans to toss a fair coin 10,000 times in the hope that it will lead him to a deeper understanding of the laws of probability. Which of the following statements is true?

A) It is unlikely that Dr. Stats will get more than 5,000 heads.

B) Whenever Dr. Stats gets a string of 15 tails in a row, it becomes more likely that the next toss will be a head.

C) The fraction of tosses resulting in heads should be close to ½.

D) The chance that the 100th toss will be a head depends somewhat on the result of the first 99 tosses.

E) All of the above statements are true.

2. There are 2,598,960 possible 5-cards hands that can be dealt from an ordinary 52-card deck. Of these 5,148 have all five cards of the same suit. (In poker such hands are called flushes.) The probability of being dealt such a hand (assuming randomness) is closest to:

A) 1/4
B) 1/10
C) 1/100
D) 1/500
E) 1/1000

The casino game craps is based on rolling two dice. Here is the assignment of probabilities to the sum of numbers on the up face when two dice are rolled:

Outcome

2

3

4

5

6

7

8

9

10

11

12

Probability

1/36

2/36

3/36

4/36

5/36

6/36

5/36

4/36

3/36

2/36

1/36

3. Gigi has rolled a natural on four straight tosses of the dice. This excites the gamblers standing around the table. They should know that:

A) Gigi has a hot hand, so she is more likely to roll another natural.
B) The law of averages says that Gigi is now less likely to roll another natural.
C) Rolls are independent, so the chance of rolling another natural has not changed.
D) Four straight naturals are almost impossible, so the dice are probably loaded.
E) They should not be surprised because the probability of four straight naturals is 2/36.

Reference no: EM1316029

Questions Cloud

Compute the value of investment : Compute the value of investment - Date of purchase of the capital and Date that the capital starts to accumulate interest
Multiple linear regression equation using mega stats : Use MegaStat's output for multiple regression to determine the multiple regression equation
Price and output determination in monopoly : RainAway, Inc., makes polymers used to coat the windshields of car's, planes, and boats-Complete the following table based on the RainAway product's price, output and costs per year:
Determine the expected return of portfolio : Determine the expected return of portfolio on the facts narrated - What is the expected return on a portfolio that is equally invested in the two assets?
Estimating probability based on the discrete distribution : The casino game craps is based on rolling two dice. Here is the assignment of probabilities to the sum of numbers on the up face when two dice are rolled:
Determine the average flow time from the cycle inventory : Computing Economic order quantity for inventory for minimizing costs and determine the average flow time from the cycle inventory?
International business comprises currency market : International business comprises currency market and what should be the price of the same disc in Mexico
Adjusted exponential smoothing forecast and linear trend : Claculate the exponential also adjusted exponential smoothing forecast and linear trend forecasting. The hotel has experienced the following occupancy rates for the past 9 years.
Word problems on linear equation : Word problems on linear equation.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd