Reference no: EM131077237
Probability
Write a report that answers the following questions and meet the list of requirements that follows.
Be sure to describe or define probability, sample space, event, and possibly other terms in your paper introduction. Include calculations and solutions in the body of your paper.
Questions:
1. The probability of being dealt two pairs in a five card poker hand is 0.0475. What are the odds of being dealt two pairs?
2. Three fair coins are flipped. Outcomes in the sample space are represented by strings such as HHT, HTH, and TTT.
1. List all of the elements in the sample space.
2. Express the event "there is at least one head, but no more than two heads" as a set. Show each of the possible combinations.
3. What is the probability that there is at least one head rolled, but no more than two heads?
3. Four cards are chosen from a 52-card deck. What is the probability that four cards are either face cards or aces? There are 12 face cards and four aces in a deck of cards.
Requirements:
• Your paper should be 2-3 pages in length and should cite and integrate at least one credible outside source.
• Include a title page, an introduction, a body, a conclusion, and a Reference list.
• The introduction should summarize the problem and state what approach and method will be applied to solve it.
• The body of your paper should answer the questions posed in the problem, explain how you approached and approached and answered the question or solved the problem, and for each question, show all steps involved.
• The conclusion should summarize your findings and what you have determined from the data and your analysis, with a broader or personal perspective in mind when applicable.
• As with all written assignments, provide in-text citations and a reference page.
• Include any tables of data or calculations, calculated values, and/or graphs associated with this problem in the body of your assignment.
• Document formatting, citations, and style should conform to the APA Requirements. Refer to the document (attached at the bottom of the page) Calculating Tree Height as an example of how the paper is to be formatted.
|
Discuss the inventory and cost of goods valuation methods
: Discuss the Inventory and Cost of Goods Valuation Methods including comparing and contrasting Periodic and Perpetual Systems and the type of companies using these;
|
|
Effects on output in the short run and in the medium run
: Draw the AD and AS curves, and assume that equilibrium is at a point where output is below the natural level of output. Suppose that the central bank increases the money stock. What will be the effects on output in the short run and in the medium ..
|
|
Competition of firms in oligopoly and monopolistic
: Give examples of competition of firms in Oligopoly and Monopolistic Competition, from the real world. In which market will one firm's probable decision affects the other firm's decision? Try to think of situations of of how they would compete in t..
|
|
The desired frequency from the band of frequencies present
: In many circuits, different frequencies are present which are encountered during the operation. Some frequencies are desired while some others are not. The non desired frequencies can be rejected with special circuits called filters. Filters can b..
|
|
List all of the elements in the sample space
: List all of the elements in the sample space. Express the event "there is at least one head, but no more than two heads" as a set. Show each of the possible combinations.
|
|
Determining the variety of development indicators
: Since the end of World War II, some countries have achieved great strides in a variety of development indicators, whilst others have stagnated, and still others have had mixed experiences.
|
|
Convert the max heap implementation to a min heap
: Convert the max heap implementation to a min heap implementation.
|
|
Reputation in a model of monetary policy
: Time inconsistencies (based on Barro-Gordon (1983), "Rules, Discretion, and Reputation in a Model of Monetary Policy", Journal of Monetary Economics, 12:101-121) Assume that the preferences of the benevolent policy maker can be represented through..
|
|
Incur external transaction costs
: How does a firm decide when to produce internally or incur external transaction costs? Describe a situation for both, and be sure to include costs and advantages for each.
|