Probability that second stranger does not share birth month

Assignment Help Basic Statistics
Reference no: EM131411895

Refer to Exercise 1. In this exercise, another method is used for finding the probability that at least one of two unrelated strangers shares your birth month.
a. What is the probability that the first stranger shares your birth month?

b. What is the probability that the second stranger shares your birth month?

c. What is the probability that both of them share your birth month?

d. Use Rule 2a ("either A or B or both") to find the probability that at least one of the strangers shares your birth month.

Exercise 1
In Example 2, we found the probability that both of two unrelated strangers share your birth month. In this exercise, we find the probability that at least one of the two strangers shares your birth month. Assume that all 12 months are equally likely.
a. What is the probability that the first stranger does not share your birth month?

b. What is the probability that the second stranger does not share your birth month?

c. What is the probability that neither of them shares your birth month?

d. Use the result from part (c) to find the probability that at least one of them shares your birth month.

Example 2
Probability That Two Strangers Both Share Your Birth Month Assuming that birth months are equally likely, what is the probability that the next two unrelated strangers you meet both share your birth month? Because the strangers are unrelated, we assume independence between the two events that have to do with them sharing your birth month. Define

Event A = first stranger shares your birth month: P(A) = 1/12.

Event B = second stranger shares your birth month: P(B) = 1/12.

Reference no: EM131411895

Questions Cloud

What is the company abc wacc : Company ABC has debt of $300M (market value) with a YTM of 7%, and its equity market value is $700M with a beta of 1.5. If the market risk premium is 5% and the risk free rate is 3%, what is the Company ABC's WACC?
Infectious disease from pets to humans importantly rabies : Infectious disease from pets to humans more importantly rabies and identify the topic you would like to spend the next few weeks researching and writing about and complete the library worksheet with that topic, please go to the USU Library and begi..
What is firm x wacc : Firm X has no debt. The beta of firm X's equity is 1.5. The expected return on the market is 12% and the risk-free rate is 4%. What is firm X's WACC? Enter your answer as a percentage from 0 to 100 (i.e. if your answer is 5.32% enter 5.32, not 0.0..
Potential advantages to implementing cooperative strategy : What are some potential advantages to implementing a cooperative strategy? What might be some potential risks? How are international economic and political risks different and how are the similar or related to each other? How should firms approach de..
Probability that second stranger does not share birth month : What is the probability that the first stranger does not share your birth month?- What is the probability that the second stranger does not share your birth month?
Calculation on annual payments : You are given the following data: A bond has a coupon rate of 7.225, the latest yield reported of 6.23 and 8 years to maturity. What is the price of the bond? A bond has a coupon rate of 6.95, the latest yield reported of 8.7 and 16 years to matur..
Write code to read the name of a baseball team : A sample run is shown in Fig. 3.16. In the following exercises, write a program to carry out the task. The program should use variables for each of the quantities.
Determining the energy and restaurants : The market risk premium is 8% and the risk-free rate is 4%. Company ABC, is a 100% equity company (no debt), and consists of two divisions that each make up 50% of the company: energy and restaurants.
What is the maximum per share price : Since there is substantial uncertainty regarding the dividends to be paid, you believe that a 23% rate of return is appropriate for this investment. Based on this information, what is the maximum per share price you would pay for this stock?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Question regarding testing

The U.S. Bureau of Prisons publishes data in Statistics Report on the times served by prisoners released from federal institutions for the first time.

  Instructions perform the 5-step hypothesis testing

instructions perform the 5-step hypothesis testing procedurehere are the steps that need to be followed amp the raw

  Perform the paired t test for means

For the data in Table, perform the paired T test for means using the weights for the east and south sides of the trees. Verify that the p-value is 0.09.

  Constant volume with decreasing pressure

1. An airplane takes off from a coastal city where the air temperature is 20 °C (68 °F) and climbs to cruising altitude. At what altitude will the outside temperature be 0 °C?

  Distribution function of a poisson random variable

This result is important because values of the distribution function of a Poisson random variable may thus be obtained by referring to a table of incomplete gamma functions.

  1researchers compared two groups of competitive rowers a

1.researchers compared two groups of competitive rowers a group of skilled rowers and a group of novices. the

  The number of times a batter gets to bat in a game follows

the number of times a batter gets to bat in a game follows a binomial distribution nbin6 0.8. given the number of times

  Writing and solving quadratic equations

A yearbook page is to be designed so that there are 24 square inches available for print or pictures with margins of 1.5 inches on the top and bottom

  Lottery expected profit per ticket

One state lottery has 500 prizes of $1, 75 prizes of $15, 15 prizes of $100, 5 prizes of $450, 2 prizes of $1225, and 1 prize of 2500. Assume that 28,000 lottery tickets are issues and sold for $1. What is the lottery's expected profit per ticket?

  Five samples of the material were tested in a structure

five samples of the material were tested in a structure and the average interior temperature reported was as follows

  A real estate investor is investigating whether the

a real estate investor is investigating whether the proportion of properties sold at auctions has declined from last

  A recent broadcast of a television show had a 15 share

a recent broadcast of a television show had a 15 share meaning that among 6000 monitored households with tv sets in use

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