What is the probability that he finds at least one fake

Assignment Help Basic Statistics

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1. The king's coinmaster boxes his coins 500 to a box and puts 1 counterfeit coin in each box. The king is suspicious, but, instead of testing all the coins in 1 box, he tests 1 coin chosen at random out of each of 500 boxes. What is the probability that he finds at least one fake? What is it if the king tests 2 coins from each of 250 boxes?

2. (From Kemeny6) Show that, if you make 100 bets on the number 17 at roulette at Monte Carlo (see Example 6.13), you will have a probability greater than 1/2 of coming out ahead. What is your expected winning?

Reference no: EM13970207

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