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Question: Racehorse. A man buys a racehorse for $20,000 and enters it in two races. He plans to sell the horse afterward, hoping to make a profit. If the horse wins both races, its value will jump to $100,000. If it wins one of the races, it will be worth $50,000. If it loses both races, it will be worth only $10,000. The man believes there's a 20% chance that the horse will win the first race and a 30% chance it will win the second one. Assuming that the two races are independent events, find the man's expected profit.
suppose that the demand for a companys product in weeks 1 2 and 3 are each normally distributed and the mean demand
the true mean breaking strength of yarn used in manufacturing drapery material is required to be above 100 psi. from
Recall the St. Petersburg game. It starts at $2. Toss a coin and if a head appears, thepot doubles. If tails appears, you win the pot at that time and thegame ends.So, if you get H, H, H T, you win $16. The payoff table is,
Suppose that this test is given to 1000 students. What is the number of students that are expected to make scores between 170 and 230?
We desire the steady-state error to a step input to be approximately 5% and the phase margin of the system to be approximately 45°. Design a lag network to meet these specifications.
the data in the following table represent the total rates of return for three stock exchanges over the three-year
A trucking firm suspects that the mean lifetime of a certain tire it uses is less than 35000 miles. To check the claim the firm randomly selects and test 54 of these tires and gets a mean lifetime of 34,570
Explain why the number of speeding tickets each student in the senior class of a college has ever had.- Players scores (number of strokes) at the U.S. Open golf tournament in a given year.
In 1,000 samples, assuming that H 0 is true, how many times would you expect to commit Type I error if:
Find the profit Pr6 both when the policyholder is healthy at the end of 5 years and when the policy holder is unhealthy at the end of 5 years.
Four students are talking about the kind of energy that's fundamental to life on Earth. Thomas says it is electrical energy. Susan opts for solar energy. Lawrence argues in favor of chemical energy. Kimberly is sure it's mechanical energy. Who is ..
John Rengel is the Quality Assurance Supervisor for Vino Supremo Vinyards. He knows that 10 percent of each box of corks is undersized.
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