User Account

All Pages

Probability of correctly predicting the winners

Assignment Help Macroeconomics
Reference no: EM131097767

Suppose Fred randomly thinks of 5 whole numbers between 1 and 34 inclusive. What is the probability that George can correctly guess all 5 numbers? Express as a fraction.

If there are 27 runners in a race and prizes will be awarded to first, second, and third places only, what is the probability of correctly predicting the winners in order?

Express as a fraction.

Reference no: EM131097767

Questions Cloud

Represented by the expected value of payoff function : There are three possible outcomes; in the outcome ai a decision-maker gains $ai, where a1
Draw a circuit of transistors showing the internal structure : Draw a circuit of transistors showing the internal structure for all the storage cells for a 4x2 SRAM (four words, 2 bits each), clearly Iabeling all internal components and corrnections.
Medium-size city has proposed to build greenway : A medium-size city has proposed to build a “greenway” along a creek that flows through the center of the city. The city wants to clear a strip about 50 feet wide and construct a paved path for bicycles and foot traffic. The main argument traditionall..
Leadership strengths and development needs : Two of the questions employers always ask you (in one way or another) are about your strengths and weaknesses. The easiest way to answer this question with sincerity is to have first (long before the questions are asked) reflected upon what your r..
Probability of correctly predicting the winners : If there are 27 runners in a race and prizes will be awarded to first, second, and third places only, what is the probability of correctly predicting the winners in order?
Explain schedules of reinforcement : Explain schedules of reinforcement. How do these schedules relate to extinction and identify the theorist who developed the theory of operant conditioning.
Define importance of evaluation to crime prevention strategy : Discuss the importance of evaluation to crime prevention strategy.Why is it so important in producing effective crime policy and prevention strategies.
Pay off the balance of the card : Knowing their APR is 14.5% and assuming they would no longer add more debt to the card, what would their payment need to be in order to pay off the balance of the card in two years?
Total surplus at the competitive equilibrium : Suppose supply of organic pinto beans in Ontario is given by QS = -8 + 0.5*P where P is the market price and QS is the quantity supplied. The demand for organic pinto beans is given by QD = 10 – 0.25*P, where QD is the quantity demanded. Assuming a c..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Relationship between keat young and erfle

relationship between Keat Young and Erfle

  Derive an expression for the comparative static output

Derive an expression for the comparative static result dY/d (the effect of the change in the anticipated inflation rate on the equilibrium output), and show what its sign is. Briefly explain the intuition for its sign.

  What type of market structure is the auto industry

Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's. What type of marke..

  Principles of macroeconomics

Normal 0 false false false EN-US X-NONE X-NONE Principles of Macroeconomi..

  What would be a monetary policy prescription

What are some of the damaging effects inflation has on an economy and What would be a monetary policy prescription to reduce or eliminate inflation?

  Find articles about a macroeconomic problem

Find two articles about a macroeconomic problem currently in the news from either a newspaper or news magazine.

  How to replace the manager of the roller division

Roller manufacturing is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you begin reviewing the company's production information, you learn that labor is paid $8 per hour and the last worker hired produced 10..

  Define what is the action of the employee

The trained employees later bargain for a higher wage from the management as their probability of finding better paying jobs increase because some other companies are also adopting it. what is the action of the employee.

  Business has fallen off greatly at your upscale restaurant

Business has fallen off greatly at your upscale restaurant because of the economic crisis. List four things you can do to win back the loyalty of your past costumers.

  Linear and log linear trend in data

Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.

  Automobile cost in euros

Assuming that the euro-U.S Dollar exchange rate is 0.9. If a German buys an American automobile for $30,000, then what would the automobile cost in Euros? What would the automobile cost if the dollar depreciated by 20 percent?

  Why does the budget require a forecast of the economy

Why does the budget require a forecast of the economy and under what circumstances would actual government spending and tax revenue fail to match the budget as approved - What has happened to the federal debt since 2008 as measured realative to GDP..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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