What is the probability that she matched the paint brand

Assignment Help Microeconomics
Reference no: EM133231657

Assignment:

A customer wants to buy another gallon of paint to match paint she purchased at the store recently. She can't recall the brand name and does not wish to return home to ?nd the old can of paint. So she selects two of the three brands at random and buys them. Complete parts a and b below.

a. What is the probability that she matched the paint brand?

b. Her husband also goes to the paint store and fails to remember what brand to buy. So he also purchases two of the three brands of paint at random. Determine the probability that both the woman and her husband fail to get the correct brand of paint.

(Hint: Are the husband's selections independent of his wife's selections?)

Reference no: EM133231657

Questions Cloud

Explain the length-tension relationship in both an arm : BIO 515 Grand Canyon University, explain the length-tension relationship in both an arm or leg curl action and how it relates a weight feeling 'heavier'
Explain why trained athletes can increase cardiac : Explain why trained athletes can increase cardiac output during exercise more than untrained individuals.
What is one thing you must do as your role : What is one thing you must do as your role/responsibility as a portal of entry provider - you feel that this case might be beyond your scope of practice.
Which statement is more accurate and why : GEN 183 Lakeland University, Which statement is more accurate and why? Provide an example to support your reasoning. 1. Technology drives advancements
What is the probability that she matched the paint brand : A customer wants to buy another gallon of paint to match paint she purchased at the store recently.
Do you agree that there are fundamental concepts : Do you agree that there are fundamental concepts that had to be abandoned? If so, can you provide an example? If you disagree, can you explain why?
How do you think your research would be useful to society : Choose a social science topic that is meaningful to you. Giving careful thought to the topic, How do you think your research would be useful to society
Passage for the conclusion that we should index : Passage for the conclusion that we should index the minimum wage to inflation. Note that there may be Tributary Arguments that you must schematize as well
Discuss those two scenes and an in-depth analysis on them : FILM 1058 Glendale High School Discuss those two scenes and an in-depth analysis on them in those terms - adding thoughts to the analysis.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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