User Account

All Pages

What is the chance of an individual winning

Assignment Help Basic Statistics
Reference no: EM131975126

Chance of winning $100 or more on a type of type A casino slot machine is 3.3%, when playing the maximum bet for one hour. While the chance of winning $100 or more on a type of type B casino slot machine is 2.3%, when playing the maximum bet for one hour. Assume the betting events are independent

1) What is the chance of an individual winning more than $200 dollar in 2 hours playing the type A slot machine?

A. 0.0005

B. 0.0011

C. 0.0462

D. 0.0231

2) What is the chance of winning $200 or more after playing casino slot machine A for an hour then playing casino slot machine B for an hour?

A. 0.0463

B. 0.0237

C. 0.0225

D. 0.0008

3) What is the probability that neither of two individuals playing slot machine A for an hour? win $100?

A. 0.4561

B. 0.9700

C. 0.9350

D. 0.9980

Reference no: EM131975126

Questions Cloud

What is the amount of the annual interest tax shield : Your firm has a $300,000 bond issue outstanding. These bonds have a 7% coupon, pay interest semiannually, and have a current market price equal to 103%.
What is the npv of the project without the timing option : What is the NPV of the project without the timing option? What is the NPV of the project with the investment timing option?
Calculate the required rate of return on the stock : Finding the Required Return Juggernaut Satellite Corporation earned $18 million for the fiscal year ending yesterday. The firm also paid out 30 percent.
Discuss the meaning and relevance of sovereign risk : Discuss the meaning and relevance of “sovereign risk”, and the potential remedies for a financial institution.
What is the chance of an individual winning : What is the chance of an individual winning more than $200 dollar in 2 hours playing the type A slot machine?
What is net present value if cost of capital is ten percent : What is the net present value if the cost of capital is 10 percent? Use the time value of money charts for your calculations.
Create an er diagram from the scenario : ITDA1001 - Database Fundamentals - Write a T-SQL comment above each SQL statement you write, stating your name, the task you are solving
What is the firm cost of capital before taxes : A firm has 40,000 shares whose current price is $80.75. Those stockholders expect a return of 15%. The firm has a 2-year loan of $900,000 at 6.4%.
Calculate continuously compounded risk-free interest rate : Calculate the continuously compounded risk-free interest rate.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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