Question

In: Statistics and Probability

(a) If the knowledge that an event A has occurred implies that a second event B...

(a) If the knowledge that an event A has occurred implies that a second event B cannot occur, then the events A and B are said to be A. collectively exhaustive. B. the sample space. C. mutually exclusive. D. independent. (b) If event A and event B are as above and event A has probability 0.2 and event B has probability 0.2, then the probability that A or B occurs is ____

In a carnival game, a player spins a wheel that stops with the pointer on one (and only one) of three colors. The likelihood of the pointer landing on each color is as follows: 61 percent BLUE, 21 percent RED, and 18 percent GREEN.

(a) Suppose we spin the wheel, observe the color that the pointer stops on, and repeat the process until the pointer stops on BLUE. What is the probability that we will spin the wheel exactly three times?

(b) Suppose we spin the wheel, observe the color that the pointer stops on, and repeat the process until the pointer stops on RED. What is the probability that we will spin the wheel at least three times?

(c) Suppose we spin the wheel, observe the color that the pointer stops on, and repeat the process until the pointer stops on GREEN. What is the probability that we will spin the wheel 2 or fewer times?

Solutions

Expert Solution

Part 1:

(a) Option: C. mutually exclusive (Since mutually exclusive means two events does not occur simultaneously).

(b) Since A and B are mutually exclusive then P(A and B)=0.

Given that P(A)=P(B)=0.2 then P(A or B)=P(A)+P(B)-P(A and B)=0.2+0.2-0=0.4.

Answer: 0.4.

Part 2:

(a) Let X=no. of times that the process is repeated until the pointer stops on BLUE

X follows geometric distribution with P(BLUE)=0.61.

P(X=3)=(1-P(BLUE))^2P(BLUE)=(1-0.61)^2*0.61= 0.0928.

(b) Let X=no. of times that the process is repeated until the pointer stops on RED

X follows geometric distribution with P(RED)=0.21.

(c) Let X=no. of times that the process is repeated until the pointer stops on GREEN

X follows geometric distribution with P(GREEN)=0.18.


Related Solutions

The following event has occurred at times in the history of Canada: “The government increases its...
The following event has occurred at times in the history of Canada: “The government increases its expenditure on goods and services in a time of war or increased international tension.” Explain the effects of the event on real GDP and the price level, starting from a position of long-run equilibrium. Use the AS-AD model.
For the second project, each person will choose a current economic event. The event may be...
For the second project, each person will choose a current economic event. The event may be domestic or foreign. All of the events need to be different, so they must be approved by the Instructor. Utilizing research and economic indicators as necessary, explain in detail what the event is, how and when it began, and how that event is impacting your life on a personal level.
by analyzing a significant event that occurred as a result of safety or health hazards in...
by analyzing a significant event that occurred as a result of safety or health hazards in a workplace or school setting. answer the following: Why was this significant to you? What underlying issues (societal, interpersonal) surfaced as a result of this experience? How will this incident influence your future behavior as a HRM professional?
1. The probability of event A is 60%, the probability of event B is 40%, and...
1. The probability of event A is 60%, the probability of event B is 40%, and the probability of either A or B is 65%. What is the probability of events A and B simutaneously? 2. 50% of items are Type A, 30% are Type B, and 20% are Type C. each type is broken up into V1 and V2. Type A is 80% V1, Type B is 60% V1, and Type C is 30% V1. If a randomly selected...
The following events occurred in independent cases, but in each instance, the event happened after the...
The following events occurred in independent cases, but in each instance, the event happened after the close of the fiscal year under the audit but before the financial statements were authorised for the issue, which is also the audit report date. For each case, state what impact, if any, you would expect on the financial statements (and notes). The balance sheet in each instance is December 31, 2019. Case1. On December 31, the commodities handled by the company had been...
What type of event is a customer order A. Investigation Event B. Mutual Commitment Event C....
What type of event is a customer order A. Investigation Event B. Mutual Commitment Event C. Economic Decrement Event D. Economic Increment Event E. Economic Reversal Event
1) Discuss Newton's three laws of motion. Show that the second Law implies the First Law.
    1) Discuss Newton's three laws of motion. Show that the second Law implies the First Law.   2) Usinh Newton's third law of motion ( Action - Reaction law ) explain how a rocketship is propelled.   3) In terms of Newtons's Universal Law of Gravitation, explain why Galileo found that al objects fall on Earth at the same rate, regardless of their mass    
Event A occurs with a likelihood of .45. Event B occurs with a likelihood of .35....
Event A occurs with a likelihood of .45. Event B occurs with a likelihood of .35. If Event B occurs, then Event A cannot have occurred. What is the likelihood of either Event A or Event B occurring? Alice flips two fair coins, and rolls a single 20-sided die. What is the probability that she will get exactly one heads (out of two) and a die roll that is divisible by 5? Using probabilistic terms, how would you describe the...
Pick one event that occurred in a certain market and explain how that could affect/shift the...
Pick one event that occurred in a certain market and explain how that could affect/shift the supply and/or demand curve. What would be the resulting equilibrium price and quantity?
Example of an non-tariff barriers cases. -Describe in detail how the event occurred, how it was...
Example of an non-tariff barriers cases. -Describe in detail how the event occurred, how it was handled, and how it affected both parties. -Basic points: time, case bodies, dispute issue, conclusion.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT