What is the expected payoff of one roll of the two dice

Assignment Help Basic Statistics
Reference no: EM13901690

For problems 1-10 consider the experiment where two dice are thrown simultaneously. If both die do not have a clear upward facing side, the dice are thrown again. Each dice has six faces, numbered 1-6. Assume that the dice are fair and that each side is equally likely to occur and the dice do not influence each other.

1. What is the probability that the sum of the upward facing sides of both dice is equal to two?

2. What is the probability the sum of the upward facing sides of both dice is equal to three?

3. What is the probability the sum of the upward facing sides of both dice is equal to seven?

4. What is the probability the upward facing sides of the two die are the same?

5. What is the probability the upward facing sides of the two die are different?

6. What is the probability that at least one of the upward facing sides of the dice is a four, five or six?

7. What is the probability that exactly one of the upward facing sides of the dice is a four, five or six?

8. What is the probability that none of the upward facing sides of the dice is a four, five or six?

9. After throwing the two die, you observe that one of them is a six. What is the probability that the second dice is also a six?

10. After throwing the two die, you observe that one of them is a six. What is the probability that the second dice is not a six?

Given the following probabilities, answer questions 11-25. Remember that A is called the complement of A, and P(A) = 1- P(A).

 

A

A

Totals

B

0.18

0.45

0.63

B-

0.24

0.13

0.37

Totals

0.42

0.58

1.00

11. What is the P(A)?

12. What is the P(B)?

13. What is the P(A)?

14. What is the P(A and B)?

15. What is the P(A and B-)?

16. What is the P(A and A)?

17. What is the P(A|B)?

18. What is the P(A|B)?

19. What is the P(B|A)?

20. What is P(A| A)?

21. What is the P(A or B)?

22. What is the P(A or A)?

23. What is the P(A and A)?

24. Are A and A independent of each other?

25. Are A and B independent of each other?

For problems 26-30, suppose P(A) = 0.54 and P(B|A) = 0.27 and P(B| A) = 0.68

26. What is P(A)?

27. What is P(A| B)?

28. What is P(A| )?

29. What is P(B)? =

30. Is A independent of B?

For problems 31-35, suppose P(A) = 0.42 and P(B|A) = 0.34 and P(B| A) = 0.34 .

31. What is P(A)?

32. What is P(A| B)?

33. What is P(A| )?

34. What is P(B)?

35. Is A independent of B?

Note: For the following two Bonus Questions, please manually add any extra credit points to the student's grade.

36. (Bonus Question) Suppose X is the amount of money a person earns in an hour where

P(X = $5) =0.2, P(X =$10) = 0.1, P(X=$15) =0.5 and P(X=$20) = 0.2.

How much money would the person earn on average?

37. If the payoff of rolling two dice is the sum of the upper face of the two dice, what is the expected payoff of one roll of the two dice?

Reference no: EM13901690

Questions Cloud

Energy and nonrenewable resources for manufacture : They are considering using some synthetic building materials, which require relatively more energy and nonrenewable resources for their manufacture. Can your client justify it on environmental grounds?
Area to implement environmental programs : FUNCTIONAL PURPOSE: Performs activities associated with the environmental program for an area to implement environmental programs and to maintain compliance with applicable federal, state, and local laws and regulations.
Principal benefits for operating a landfill : What are the principal benefits for operating a landfill that acts as a bioreactor and what waste characteristics would be best suited to the process?
Which events changed the book value of common equity : Which events changed the book value of common equity? Under what conditions will these events lead to future increases and decreases in ROE?
What is the expected payoff of one roll of the two dice : If the payoff of rolling two dice is the sum of the upper face of the two dice, what is the expected payoff of one roll of the two dice
Emerging remediation technologies : As the environmental manager of a facility that has just experienced a diesel spill from a UST, what must you do? You are also interested in new or emerging remediation technologies and have been looking for the opportunity to try one. What also m..
Analyze what is meant by religion : Analyze what is meant by religion
Is such a result believable : Sometimes reported data fit a model so well that it makes one suspicious that the data are not being accurately reported. For instance, a friend of mine has reported that he tossed a fair coin 40,000 times and obtained 20,004 heads and 19,996 tail..
Principles of ecofeminism-pluralism : What is the most important principles of ecofeminism, pluralism, environmental pragmatism,and to identify which of these approaches best compliments our values and ethical beliefs regarding environmental issues.

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!

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