Question

In: Statistics and Probability

Question 1 [Stars and Bars] In my pocket I never carry more than a dozen coins....

Question 1 [Stars and Bars] In my pocket I never carry more than a dozen coins. I am talking about current Australian coins that come in six denominations: 5c, 10c, 20c and 50c (the ‘silver’ coins) and $1 and $2 (the ‘gold’ coins). Suppose I decided that I would carry a different collection of coins each day for as long as I could without ever repeating a collection. (Two collections are different if for at least one denomination there are more in one collection than in the other.)

(a) How many days could I keep this up if I have exactly twelve coins each day?

(b) How many days could I keep this up if I have no more than twelve coins each day? Hints: 1. There is no need to do any addition for this problem. 2. Sometimes I carry some worthless buttons with my coins.

(c) How many days could I keep this up if I have no more than twelve coins each day, but always have at least one gold coin?

(d) How many days could I keep this up if I have no more than twelve coins each day, but always have at least one coin of each denomination?

Solutions

Expert Solution

Answer 1: In my pocket I never carry more than a dozen coins. I am talking about current Australian coins that come in six denominations: 5c, 10c, 20c and 50c (the ‘silver’ coins) and $1 and $2 (the ‘gold’ coins). Suppose I decided that I would carry a different collection of coins each day for as long as I could without ever repeating a collection. (Two collections are different if for at least one denomination there are more in one collection than in the other.)

Solution:

5c, 10c, 20c and 50c (the ‘silver’ coins) and $1 and $2 (the ‘gold’ coins).

Suppose I decided that I would carry a different collection of coins each day for as long as I could without ever repeating a collection

(a) How many days could I keep this up if I have exactly twelve coins each day?

Exactly 12 coins each day

we have 6 different coins without repeating collection.

1) 6P1 = 6

2) 1/2*6P2 = 1/2 / 30 = 15

3) 1/3 * 6P3 = 1/3 * 120 = 40

4) 1/4 * 6P4 = 1/4 * 360 = 90

5) 1/5 * 6P5 = 1/5 * 720 = 144

6) 1/6 * 6P6 = 1/6 * 720 = 120

​​​​​​Therefore, total number of days = 6 + 15 + 40 + 90 + 144 + 120 = 415

Therefore, if I have exactly twelve coins each day I keep this up for 415 days.

(b) How many days could I keep this up if I have no more than twelve coins each day? Hints: 1. There is no need to do any addition for this problem. 2. Sometimes I carry some worthless buttons with my coins.

No more than 12 coins each day is equal to exactly 12 coins each day.

Therefore, if I have no more than 12 coins each day I keep this up for 415 days.

(c) How many days could I keep this up if I have no more than twelve coins each day, but always have at least one gold coin?

At least one gold coin. It may be $1 or $2 or both without repeating collection.

There are two possibilities:

1) Only single gold coin = 2

2) At least one gold coin = 9

For 6 coins follows the similar pattern.

(d) How many days could I keep this up if I have no more than twelve coins each day, but always have at least one coin of each denomination?

At least one coin of each denomination:

1/6 * 6P6 = 1/6 *720 = 120

Therefore, if I have no more than twelve coins each day, but always have at least one coin of each denomination then I keep this up for 120 days.


Related Solutions

Why do giant stars have much more narrow lines than main-sequence dwarfs? Why are the stars...
Why do giant stars have much more narrow lines than main-sequence dwarfs? Why are the stars that do not show strong H Balmer lines either have either very low or very high surface temperatures?
Every semester, I would like for more than 75% of my students to score a 70...
Every semester, I would like for more than 75% of my students to score a 70 or higher on the first test. This semester, out of the 72 students who took the first test, 59 got at least a C (scored higher a 70 or higher). Is there sufficient evidence to conclude, at the 10% significance level, that more than 75% of the students got at least a C on the first exam? Find the p-value. Identify the null and...
What do indifference curves do? a. They never cross more than once. b. They never cross....
What do indifference curves do? a. They never cross more than once. b. They never cross. c. They always cross. d. They are straight lines. An indifference set can be best described as which of the following? a. It is a set of consumption choices, each yielding the same utility. b. It is a set of demand curves. c. It is a set of consumption choices, each yielding a different level of utility. d. It is a set of consumption...
I must submit my current leadership philosophy, which should not be more than two pages in...
I must submit my current leadership philosophy, which should not be more than two pages in length.  
JAVA / I KNOW THERE IS MORE THAN ONE QUESTION BUT THEY ARE SO EASY FO...
JAVA / I KNOW THERE IS MORE THAN ONE QUESTION BUT THEY ARE SO EASY FO YOU I NEED YOUR HELP PLEASE HELP ME. I WILL GIVE UPVOTE AND GOOD COMMENT THANK YOU SO MUCH !!! QUESTION 1 Consider the following program segment: int i = 2; int n = 18; while (i < n) {     if ((i % 2) == 0) i++; else n--; } System.out.println( i ); What is the value of n when the above program...
I need a answer to my professors question about my discussion post My Post 1) What...
I need a answer to my professors question about my discussion post My Post 1) What types are protected? Under the National Labor Relation Act, an employee's right to strike is a considered as a critical component of the right to organize. But to ensure balance this right is not without limitations. As per Section 7 of NLRA only Certain strikes qualify as protected activity. These recognized strikes are: ·         Unfair labor practice strikes, which protest employers illegal activities. ·        ...
I need more than just one question answered, please... 1. Which component of speech acts is...
I need more than just one question answered, please... 1. Which component of speech acts is the most difficult to determine? a. the linguistic form b. the context of the message c. the effect on the listener d. the intent of the message 2. If you tell a friend about a movie you watched the previous night, you would be engaging in a a. speech act. b. social register. c. narrative. d. conversation. 3. According to Bates, if a child...
if this is considered more than one question then please explain part 'I' (Find the exact...
if this is considered more than one question then please explain part 'I' (Find the exact value of f100, f500, and f1000, where fn is the nth Fibonacci number. What are times taken to find out the exact values?). I am having trouble writing the code for both recursive and iterative functions without having the program crash. I assume its because the numbers are so high. Goal: The main goal of the project is to let students use their prior...
I know this is more than one question. I'm hoping you can address these all at...
I know this is more than one question. I'm hoping you can address these all at once? How are the ways in which organizations choose to measure and evaluate the performance of their segments tied to how managers of those segments get evaluated? What are the ways those approaches can fairly evaluate managers? How can those approaches sometimes unfairly evaluate managers? Can people "game" this system? If so, how? What can be done to ensure both accurate segment performance evaluation...
I am re-posting this question because I never received the correct answer. - This is all...
I am re-posting this question because I never received the correct answer. - This is all the information it gives me. Brozik Corp. has a zero coupon bond that matures in five years with a face value of $77,000. The current value of the company’s assets is $73,000, and the standard deviation of its return on assets is 36 percent per year. The risk-free rate is 5 percent per year, compounded continuously.    a. What is the value of a...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT