Question

In: Statistics and Probability

Suppose that the probability of Kim successfully bowling a strike is 35% on any given game....

Suppose that the probability of Kim successfully bowling a strike is 35% on any given game. In a sample of 5 games, what is the probability that Kim bowls:

(a) exactly 1 strike? (b) at least 1 strike? (c) at most 3 strikes?

Solutions

Expert Solution


Related Solutions

The probability that a certain hockey team will win any given game is 0.3628 based on...
The probability that a certain hockey team will win any given game is 0.3628 based on their 13 year win history of 377 wins out of 1039 games played (as of a certain date). Their schedule for November contains 12 games. Let X = number of games won in November. Find the probability that the hockey team wins at least 7 games in November. (Round your answer to four decimal places.) Please use TI-84 calculator not excel. Thanks!
Suppose that the probability that a certain machine will breakdown on any given day is 0.04,...
Suppose that the probability that a certain machine will breakdown on any given day is 0.04, and let X denote the number of breakdowns that occur over the course of a year. (Assume it is not a leap year) A. What is the expected number of breakdowns? B. What is the variance? C. What is the probability that the machine will have between 10 to 15 breakdowns a year? D. Suppose a visiting technician wants to report on the effectiveness...
Suppose that in any given period an unemployed person will find a job with probability .6...
Suppose that in any given period an unemployed person will find a job with probability .6 and will therefore remain unemployed with a probability of .4. Additionally, persons who find themselves employed in any given period may lose their job with a probability of .3 and will have a .7 probability of remaining employed. Set up the Markov transition matrix for this problem There are 1000 people in the economy. At period 0, half of the population is unemployed, what...
An airline sells 140 tickets for a flight. Suppose the probability that any given ticket holder...
An airline sells 140 tickets for a flight. Suppose the probability that any given ticket holder actually shows up for the flight is 95%. Find the probability that a. No one shows up for the flight. b. Everyone shows up for the flight. c. Exactly 130 passengers show up. d. At most 130 passengers show up. e. At least 130 passengers show up. f. Less than 130 passengers show up. g. The number of passengers showing up is between 130...
Suppose that put options on a stock with strike prices $30 and $35 cost $4 and...
Suppose that put options on a stock with strike prices $30 and $35 cost $4 and $7, respectively. How can the options be used to create (a) a bull spread and (b) a bear spread? For both spreads, show the profit functions for the intervals defined by the strike prices, and their graphical representation.
Suppose that put options on a stock with strike prices $30 and $35 cost $4 and...
Suppose that put options on a stock with strike prices $30 and $35 cost $4 and $7, respectively. They both have 6-month maturity. (a) How can those two options be used to create a bear spread? (b) What is the initial investment? (c) Construct a table that shows the profits and payoffs for the bear spread when the stock price in 6 months is $28, $33 and $38, respectively. The table should look like this: Stock Price Payoff Profit $28...
Suppose we perform a binomial experiment 50 times where the probability of success on any given...
Suppose we perform a binomial experiment 50 times where the probability of success on any given trial is 0.20. Which of the following is correct? μ = 10 and σ = 3.16 μ = 8 and σ = 3.16 μ = 10 and σ = 2.83 μ = 8 and σ = 2.83 Suppose the average number of Funko Pops owned by a Statistics instructor is 7 with a standard deviation of 2.3 Pops. What would be the z-score of...
2. Suppose a hurricane hits south Florida in any given year with probability 0.2. Describe the...
2. Suppose a hurricane hits south Florida in any given year with probability 0.2. Describe the distribution of the following random variables, including both the name of the distribution and the parameters (such as X~Bernoulli(0.4)). (2 points each) a.Let X be the number of years until the next hurricane hits South Florida. b.Let X be the number of hurricanes that will hit south Florida in the next 10 years. c.Let X indicate whether a hurricane will hit south Florida in...
The probability that a given 20-35 year old survives a given viral infection is 99%. •...
The probability that a given 20-35 year old survives a given viral infection is 99%. • The probability that a given 65-80 year old survives the same viral infection is 95%. • In a group of 20 20-to-35-year-olds with the viral infection, what is the probability that all 20 will survive? • In a group of 20 65-to-80-year-olds with the infection, what is the probability that all 20 will survive?
You play a game that has the following payoffs: (25 pts) 35% probability of winning $1,000...
You play a game that has the following payoffs: (25 pts) 35% probability of winning $1,000 35% probability of losing $1,500 30% probability of winning $550 Use the information above to answer the following questions: a) What is the expected value of playing the game? (5 pts) b) Would a risk neutral person play this game? Why or why not? (5 pts) c) What level of risk tolerance (e.g. risk seeking, risk averse, risk neutral) must a person have to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT