Will you assume independence

Assignment Help Basic Statistics
Reference no: EM131011814

Will you assume independence

In which of the following games of chance would you be willing to assume independence of and in making a probability model? Explain your answer in each case.

(a) In blackjack, you are dealt two cards and examine the total points on the cards (face cards count 10 points). You can choose to be dealt another card and compete based on the total points on all three cards.

(b) In craps, the betting is based on successive rolls of two dice. is the sum of the faces on the ?rst roll, and the sum of the faces on the next roll.

Reference no: EM131011814

Questions Cloud

Mean and standard deviation : In fact, the insurance company sees that in the entire population of homeowners, the mean loss from ?re is μ = $300 and the standard deviation of the loss is σ  = $400.
Please explain how a continuous random variable : Please explain how a continuous random variable differs from a discrete random variables. Also, explain what a continuous probability distribution is and how it is used, and the properties of the normal distribution.
Transform the distribution of heights : A report of the National Center for Health Statistics says that the heights  of 20-year-old men have mean 176.8 centimeters (cm) and standard deviation 7.2 cm. There are 2.54 centimeters in an inch. What are the mean and standard deviation in inch..
Encyclopedic information on the market/country of interest : Marketing (select a product/service) In (select an international market) This type of a paper will contain the analysis of the market environment, proposed market segments and the marketing mix. One should, at the beginning of the course gather some ..
Will you assume independence : In which of the following games of chance would you be willing to assume independence of X and Y in making a probability model? Explain your answer in each case.
A manufacturer of exercise equipment purchases : A manufacturer of exercise equipment purchases the pulleysection of the equipment from a supplier who lists these prices: less than 1000, $5.9 each; 1,000 to 3,999, $5.5each; 4,000 to 5,999, $5.0 each; and 6,000 or more, $4.6 each.
What ethical dilemmas do marketing professionals face : What ethical dilemmas do marketing professionals face in gathering information on customer bases through smartphones and social media
Predicting success of trainees : What distinguishes managerial trainees who eventually become executives from those who, after expensive training, don't succeed and leave the company?
Reflect upon the author opinion : Reflect upon the author's opinion.Synthesize a response to the following question: Do you agree with the author that the U.S. Dollar will remain the global currency?

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