Reference no: EM131820110
A single-elimination tournament with four players is to be held. In Game 1, the players seeded (rated) first and fourth play. In Game 2, the players seeded second and third play. In Game 3, the winners of Games 1 and 2 play, with the winner of Game 3 declared the tournament winner. Suppose that the following probabilities are given:
a. Describe how you would use random digits to simulate Game 1 of this tournament.
b. Describe how you would use random digits to simulate Game 2 of this tournament.
c. How would you use random digits to simulate Game 3 in the tournament? (This will depend on the outcomes of Games 1 and 2.)
d. Simulate one complete tournament, giving an explanation for each step in the process.
e. Simulate 10 tournaments, and use the resulting information to estimate the probability that the first seed wins the tournament.
f. Ask four classmates for their simulation results. Along with your own results, this should give you information for 50 simulated tournaments. Use this information to estimate the probability that the first seed wins the tournament.
g. Why do the estimated probabilities from Parts (e) and (f) differ? Which do you think is a better estimate of the true probability? Explain.
|
Analyze the meaning of each of the langley company ratios
: Analyze the meaning of each of the Langley Company ratios above. State which company performed better for each ratio.
|
|
How much cash must peterson pay to retire the bonds payable
: Retiring bonds payable before maturity On January 1, 2016, Peterson issued $150,000 of 9%, five-year bonds payable at 103.
|
|
What kind of a doctor is dr jones
: Dr. Jones uses slightly different words to describe the scientific method to a general (non-scientific) audience. What are the terms that he uses?
|
|
Firm goes through with the proposed recapitalization
: Assuming the firm goes through with the proposed recapitalization.
|
|
Single-elimination tournament
: A single-elimination tournament with four players is to be held. In Game 1, the players seeded (rated) first and fourth play. In Game 2, the players
|
|
Are running rivers operating costs variable fixed or mixed
: The company has begun preparation for the following year's budget and needs to determine how the club's costs behave in order to make accurate projections
|
|
Calculate the present value of each scenario
: Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value?
|
|
Record necessary journal entries and prepare balance sheet
: Record necessary journal entries and prepare balance sheet of a company.
|
|
Determine the present value of the bonds at issuance
: Determining the present value of bond at issuance On December 31, 2016, when the market interest rate is 14%, McCann Realty issues $400,000 of 11.25%.
|