Daniel plays two games in the casino. The first game he believes he has 60% chance to win. If he wins the first game, he will win the second game with 25% chance, if he loses the first game, he will win the second game with 75% chance. The winning prices for the first and second game are $1 and $2 respectively
A. What is the probability that he wins the second game?
B. If he wins the second game, what is the probability that he also won the first game?
C. What is the expected value for the price he wins from the two games? What is the variance of it?
Answers
Answer:
1) the probability that he wins the second game is 0.45
2) the probability he wins the first game given that he won the second game is 0.333
3) Expected Value is $ 1.5 and the variance is 0.75
Step-by-step explanation:
Given the data in the question;
Let Win1 represent first game victory
and Loss1 represent first game loss
Let Win2 denote second game victory
and Loss2 denote second game loss
now from the Tree diagram of Daniel;
P ( Win1 ) = 0.6
P ( Loss1 ) = 0.4
P ( Win2 | Win1 ) = 0.25
P ( Loss2 | Win1 ) = 0.75
P ( Win2 | Loss1 ) = 0.75
P ( Loss2 | Loss1 ) = 0.25
1) probability that he wins the second game will be;
P ( Win2 ) = [P ( Win1 ) × P ( Win2 | Win1 )] + [P ( Loss1 ) × P ( Win2 | Loss1 ) ]
we substitute
= [0.6 × 0.25] + [0.4 * 0.75] = 0.45
Therefore the probability that he wins the second game is 0.45
2)
If he wins the second game, what is the probability that he also won the first game will be;
{From Bayes' Theorem}
P ( Win1 | Win2 ) = P ( Win1 ) × P ( Win2 | Win1 ) / P ( Win2 )
= 0.6 × 0.25 / 0.45 = 0.333
Therefore the probability he wins the first game given that he won the second game is 0.333
c)
winnings probability
$0 0.4 × 0.25 = 0.1
$1 0.6 × 0.75 = 0.45
$2 0.4 × 0.75 = 0.3
$3 0.6 × 0.25 = 0.15
so Expected Value = ∑( winnings × individual win probability)
= (0 × 0.1) + (1 × 0.45) + (2 × 0.3) + (3 × 0.15)
= 0 + 0.45 + 0.6 + 0.45
= $ 1.5
Variance = ∑( X² ) - (∑(X))²
∑( X² ) = Summation of ( Winnings² × Probability of Each Win )
so
Variance = 0 × 0 × 0.1 + 1 × 1 × 0.45 + 2 × 2 × 0.3 + 3 × 3 × 0.15 - ( 1.5 )²
Variance = 0 + 0.45 + 1.2 + 1.35 - 2.25
Variance = 3 - 2.25
Variance = 0.75
Therefore Expected Value is $ 1.5 and the variance is 0.75
Related Questions
The original cost of a sofa was $600. If it was discounted 40% and sales tax is 8%, what is the final cost of the sofa
Answers
Answer:
$312
Step-by-step explanation:
10% of $600 is $60
So $60*4=$240
$600-$240=$360
1%=$6
So $6*8=$48
$360-$48=$312
Christopher has breakfast at a cafe and the cost of his meal is $36.00 Because of the service, he wants to leave a 10% , percent tip.
the answer is 39.60
Answers
A manufacturer of salad dressings uses machines to dispense liquid ingredients into bottles that move along a filling line. The machine that dispenses salad dressings is working properly when 8 ounces are dispensed. Suppose that the average amount dispensed in a particular sample of 35 bottles is 7.91 ounces with a variance of 0.03 ounces squared. Is there evidence that the machine should be stopped and production wait for repairs? The lost production from a shutdown is potentially so great that management feels that the level of significance in the analysis should be 99%.
Answers
Answer:
Step-by-step explanation:
From the given information:
The null hypothesis is:
[tex]H_o: \mu = 8[/tex]
The alternative hypothesis is:
[tex]H_1 : \mu \ne 8[/tex]
The sample size n = 35
Sample mean = 7.91
variance = 0.03
Standard deviation = [tex]\sqrt{0.03} = 0.173[/tex]
The t-test statistics is computed as:
[tex]t = \dfrac{\bar x - \mu}{\dfrac{s}{\sqrt{n}}}[/tex]
[tex]t = \dfrac{7.91 -8}{\dfrac{0.1732}{\sqrt{35}}}[/tex]
[tex]t = \dfrac{-0.09}{\dfrac{0.1732}{5.916}}[/tex]
t = - 3.0741
Degree of freedom:
df = n - 1
df = 35 - 1
df = 34
Level of significance = 1 - C.I
= 1 - 0.99
= 0.01
The t_{critical} value for the two-tailed test at 0.01 is within the rejection region:
[tex]t_{critical} = -2.728 \ and \ 2.728[/tex]
Decision rule: To reject [tex]H_o[/tex] if [tex]t< -2.728 \ or \ t > 2.728[/tex]
As [tex]t_{statistics}[/tex] fails the rejection region, we reject [tex]H_o[/tex]
Conclusion: There is sufficient evidence to believe that the machine will not dispense 8 ounces & and it must be stopped for repairs.
You can use hypothesis testing with t test to know if there is enough evidence that he machine should be stopped and production wait for repairs.
There is enough evidence that the machine should be stopped and production wait for repairs.
Given information about taken sample are:Sample mean [tex] \overline{x} = 7.91[/tex]Sample size n = 35Sample standard deviation [tex]s = \sqrt{variance} = \sqrt{0.03} = 0.1732[/tex]Confidence should be of 99%.Let the population mean be denoted by [tex]\mu[/tex]
Forming hypotheses:Null hypothesis: [tex]\mu = 8[/tex] (that is, machine needs no repair and working fine)
Alternate hypothesis: [tex]\mu \neq 8[/tex] (that is, machine is not dispensing right amount and need repairs)
Using t test:
[tex]t = \dfrac{\overline{x} - \mu}{\dfrac{s}{\sqrt{n}}}[/tex]
[tex]t = \dfrac{7.91- 8}{\dfrac{0.1732}{\sqrt{35}}} = -0.30821[/tex]
Degree of freedom = sample size - 1 = 34
Level of significance = [tex]\alpha = 1 -0.99 = 0.01[/tex]
From t tables we have:
[tex]t_{critical} = t_{0.01} = \pm 0.278[/tex] (two tailed test) (at 34 degree of freedom)
Since obtained value of t -0.30821 is less than the minimum value of range [tex](-0.278, 0.278)[/tex], thus lying outside the range and thus, we cannot accept the null hypothesis and end up accepting the alternate hypothesis.
Thus, there is enough evidence that the machine should be stopped and production wait for repairs.
Learn more about testing of hypothesis for single mean here:
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A meteorologist predicted that there would be 1.0 inches of rainfall from a storm. Instead, there were 2.2 inches of rainfall. Which statements are true?
a
The prediction was off 35%
b
The percent error of the prediction was about 55%.
c
If the percent error should be less than 20%, the prediction was acceptable.
d
The difference between the predicted and the actual rainfall was 1.2 inches
Answers
Answer:
pls write the question clearly
Step-by-step explanation:
hxhdhdudjfjfjfjfjjfucjdjshshsshsh
The statements that is true: B. The percent error of the prediction was about 55%.
D. Difference between the predicted and actual rainfall was 1.2 inches.
What is the percentage error?Percentage error can be calculated using this formula;
Percentage error = Actual value observed - Expected value /Expected value
The Percentage error is;
= 2.2 - 1.0 / 2.2
Percentage error = 1.2 /2.2
Percentage error = 0.545 × 100
Percentage error = 55% (Approximately)
Since Difference between the predicted and actual rainfall;
Difference = Actual rainfall - Predicted rainfall
Difference = 2.2 -1.2
Difference = 1.2 inches.
Hence the correct statement is option B and D.
Learn more about percentage error;
brainly.com/question/28746643
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Solve for x: 1/3 (x-22) = 4x
x = -2
x = 34
x = 2
x = -10
Answers
Answer:
x=-2
Step-by-step explanation:
Ellen already knew 50 appetizer recipes before starting culinary school, and she will learn 4 new appetizer recipes during each week of school. After 73 weeks of culinary school, how many total appetizer recipes will Ellen know? Write and solve an equation to find the answer.
Answers
Answer:
342
Step-by-step explanation:
50+4x=y
x=73
Cheesy Chicken and Rice has 430 kcals per serving. How many grams of protein are in one serving of the meal if 31% of the kcals come from protein?
Answers
Answer: 133,300
Step-by-step explanation:
Given that:
Number of kcals per serving = 430
Percentage of protein in the kcal = 31%
To obtain the number or amount of protein in one serving :
31% of 430
= 0.31 * 430
= 133.3 kcal
I kcal = 1000 gram calories
Hence,
133.3 kcal = (1000 * 133.3) = 133,300 gram calories
Kaitlyn is sharpening a pencil that is 19 cm. Each time she sharpens it goes down 2.5 cm. If she sharpens her pencil 4 times. How many centimeters of pencil does she have left?
Answers
Answer:
9 cm
Step-by-step explanation:
2.5x4=10
how many men have a waist measurement of more than 85cm
Answers
Answer:
29
Step-by-step explanation:
Simplify.
12 + 15 : 3x6 - 4
Answers
Answer:
Step-by-step explanation:
Divide the numbers
12+153⋅6−412+153⋅x6−412+315⋅x6−412+56−412+5x6−4 12+5x6−4
How would you write 0.7 repeated as a fraction
Answers
Answer:
7/9
Step-by-step explanation:
7/9 = 0.777777777777777777...
0.7 repeated can be written as a fraction [tex]\frac{7}{9}[/tex].
What are Fractions?Fractions are defined as a part or portion in a whole. There are two parts for a fraction, numerator which is the upper part and the denominator, which is the lower part.
Fractions are generally written in the form [tex]\frac{p}{q}[/tex], where p and q are real numbers. Here, the number p is called the numerator and the number q is called the denominator.
Fractions can be simplified as decimals.
We have to find the fraction representing the number 0.7 repeated.
0.7 repeated is actually the number 0.77777.....
The quotient of 5/8 = 0.625
The quotient of 6/7 = 0.857...
The quotient of 7/9 = 0.777.......
The quotient of 7/100 = 0.07
So, the quotient of 7/9 is the required number.
Hence the fraction which on simplification gives 0.7 repeated is 7/9.
To learn more about Fractions, click on the link given below:
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Which value is equivalent to the expression 45?
Answers
Answer:
what value are you talking about
Step-by-step explanation:
Answer:
It's 1024
Step-by-step explanation:
Y=^2+5x-7 find the vertex
Answers
Answer:
-5/2-39/2
Step-by-step explanation:
3x+15/2 <30
Please help fast by the way the whole equation 3x+15 is over 2.
Answers
Answer:
x < 15
Step-by-step explanation:
Isolate the variable by dividing each side by factors that don't contain the variable.
Leonel has $25.00 to spend. He decided to buy a hat for $18.75 and spend the rest on wristbands. If each wristband costs $4.75, how many wristbands can Leonel buy?
Answers
solve the equations 7(x+4)=21
iready
Answers
Step-by-step explanation:
[tex]\bullet\hookrightarrow\sf 7 (x+4)=21 [/tex]
[tex]\bullet\Rrightarrow\sf 7x+28=21 [/tex]
[tex]\bullet\rightarrowtail\sf 7x=21-28 [/tex]
[tex]\bullet\twoheadrightarrow\sf 7x=-7 [/tex]
[tex]\bullet\looparrowright\sf x=\dfrac{-7}{7}[/tex]
[tex]\bullet\rightharpoonup\sf x=-1 [/tex]
2x^2-20x+100 quadratic formula
Answers
Answer:10
Step-by-step explanation:
Evaluate: 12 divided by y+9d if y = 5 and d = 7
Answers
12/68 = 6/34 = 3/17
The solution is 3/17
Answer:
0.25
12/5+(7x5)
Step-by-step explanation:
12/5+(7x5)
12/5+35
12/40
cos(0)=square root 3/3, sin 0<0. what is the value of sin0
Answers
Answer:
sin θ = [tex]\frac{\sqrt{6} }{3}[/tex]
Step-by-step explanation:
Given that,
cos θ = [tex]\frac{\sqrt{3} }{3}[/tex]
From the trigonometric functions,
cos θ = [tex]\frac{adjacent}{hypotenus}[/tex]
⇒ adjacent = [tex]\sqrt{3}[/tex], and the hypotenuse = 3
Let the opposite side be represented by x, applying the Pythagoras theorem we have;
[tex]/hyp/^{2}[/tex] = [tex]/adj/^{2}[/tex] + [tex]/opp/^{2}[/tex]
[tex]/3/^{2}[/tex] = [tex](\sqrt{3} )^{2}[/tex] + [tex]x^{2}[/tex]
9 = 3 + [tex]x^{2}[/tex]
[tex]x^{2}[/tex] = 9 - 3
= 6
x = [tex]\sqrt{6}[/tex]
Thus, opposite side = [tex]\sqrt{6}[/tex]
So that,
sin θ = [tex]\frac{opposite}{hypotenuse}[/tex]
= [tex]\frac{\sqrt{6} }{3}[/tex]
Therefore,
sin θ = [tex]\frac{\sqrt{6} }{3}[/tex]
Each of four test scores in Connie’s class is to be weighted equally. On the first three tests, Connie scored 80%, 90% and 95%. What percent must she score on her fourth test to have an overall average of exactly 90%?
Answers
Answer:
95%is the answer
Step-by-step explanation:
Answer:
95%
Step-by-step explanation:
We can use the balancing method to do this.. first what is the total below 90?
The total is 10% because 90-80 which was the only percentage below 90 is 10%. Then, what is the total above 90?
The total is 5% because the only percentage above 90 is 95 and 95-90 is 5%
Now we use the balancing method to get from 5-10.
Using the balancing method we get 95%
Solve for y: 18x + 3y = 24
Answers
Answer: y=8-6x
Step-by-step explanation:
Can someone help please
Answers
Answer:sorry i cant
Step-by-step explanation:
Which function could be represented by the graph on the
coordinate plane?
Answers
The reason is that whatever is in the parenthesis is always opposite. So since the graph is on the right side that means it’s -8 not positive 8. And the -6 represents a vertical translation and the graph is placed below zero.
Answer:
f(x)=(x-8)^2 -6
Step-by-step explanation:
Which value is equivalent to the expression 4^5
Answers
Answer:
20
Step-by-step explanation:
I NEED HELP ASAP PLZ
Answers
first one
Step-by-step explanation:
Answer:
1/2 is the answer
Step-by-step explanation:
one third of a number x is equal to 8
Answers
—
if you were to solve it
x would be 24
[ x = 24 ]
Answer:
ok
Step-by-step explanation:
Use a matrix to solve the system:
Answers
Answer:
(2.83 , 1 , 4)
Step-by-step explanation:
[tex]2x+2y-z=4\\4x-2y-2z=2\\3x+3y-4z=-4\\[/tex]
Rewrite these equations in matrix form
[tex]\left[\begin{array}{ccc}2&2&-1\\4&-2&-2\\3&3&-4\end{array}\right] \left[\begin{array}{ccc}x\\y\\z\end{array}\right]=\left[\begin{array}{ccc}4\\2\\-4\end{array}\right] \\[/tex]
we can write it like this,
[tex]AX=B\\X=A^{-1}B[/tex]
so to solve it we need to take the inverse of the 3 x 3 matrix A then multiply it by B.
We get the inverse of matrix A,
[tex]A^{-1}=\left[\begin{array}{ccc}7/15&1/6&-1/5\\1/3&-1/6&0\\3/5&0&-2/5\end{array}\right] \\[/tex]
now multiply the matrix with B
[tex]X=A^{-1}B\\\\\left[\begin{array}{ccc}x\\y\\z\end{array}\right] =\left[\begin{array}{ccc}7/15&1/6&-1/5\\1/3&-1/6&0\\3/5&0&-2/5\end{array}\right]\left[\begin{array}{ccc}4\\2\\-4\end{array}\right] \\\\\\\left[\begin{array}{ccc}x\\y\\z\end{array}\right] =\left[\begin{array}{ccc}2.83\\1\\4\end{array}\right] \\[/tex]
7x+8y=-23
3x - 16y= 29
Answers
Answer:
(-1, -2)
Step-by-step explanation:
trapped in a cell that contains 3 doors. The first door leads to a tunnel that returns her to back tothe cell after 2 days of travel. The second door leads to a tunnel that returns her back to the cell after 4days of travel. The third door leads her freedom after 1 day of travel. If it is assumed that Ally will alwaysselect doors 1, 2, and 3 with probabilities 0.5, 0.3, and 0.2 (respectively), what is the expected number ofdays until she reaches freedom
Answers
Answer:
The expected number of days until prisoner reaches freedom is 12 days
Step-by-step explanation:
From the given information:
Let X be the random variable that denotes the number of days until the prisoner reaches freedom.
We can evaluate E(X) by calculating the doors selected, If Y be the event that the prisoner selects a door, Then;
E(X) = E( E[X|Y] )
E(X) = E [X|Y =1 ] P{Y =1} + E [X|Y =2 ] P{Y =2} + E [X|Y =3 ] P{Y =3}
[tex]E(X) = (2 + E[X])\dfrac{1}{2}+ (4 + E[X])\dfrac{3}{10}+ 1 (\dfrac{2}{10})[/tex]
[tex]E(X) = (2 + E[X])0.5+ (4 + E[X])0.3+ 0.2[/tex]
Solving for E[X]; we get
E[X] = 12
6a) Choose yes or no to tell whether the GCF of 9 and 15 is 3.
Yes
Or
No