Question

-Determine the probability of the following events. State any assumptions that you use. 1.) What is...

-Determine the probability of the following events. State any assumptions that you use.

1.) What is the probability of not tossing 3 heads with three fair coins?

- Odds. Use the definition given in the text to find both the odds for and the odds against the following events.

1.) Flipping two fair coins and getting 2 heads

- Use the definition of odds in betting to find the following odds.

1.) The odds on (against) your bet are 6 to 5. If you bet $20 and win, how much will you gain.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Find the probability of each of the following events: (i) Tossing a coin 5 times with...
Find the probability of each of the following events: (i) Tossing a coin 5 times with the outcome of five heads. (ii) Tossing four coins with the outcome of two heads and two tails in any order.
You are given 3 to 2 odds against tossing three heads with three? coins, meaning you...
You are given 3 to 2 odds against tossing three heads with three? coins, meaning you win ?$3 if you succeed and you lose ?$2 if you fail. Find the expected value? (to you) of the game. Would you expect to win or lose money in 1? game? In 100? games? Explain.
A selection of coin is known to be either fair (with a probability 0.5 of coming...
A selection of coin is known to be either fair (with a probability 0.5 of coming up heads or tails when flipped) or biased (with a probability 0.75 of tails, 0.25 of heads.) Further. it is known that 1/10 of the coins are biased. a) You select a coin at random. What are the prior odds (not probability) that you have picked a biased coin? b) You select a coin at random and flip it; you get tails. What are...
$ (prize) $(profit) x = # of heads P(x) $1 $3 0 0.03125 $ 1 $3...
$ (prize) $(profit) x = # of heads P(x) $1 $3 0 0.03125 $ 1 $3 1 0.15625 $1 $ 1 2 0.31250 $1 $1 3 0.31250 $ 1 $0 4 0.15625 $ 1 $0 5 0.03125 1. A fair coin is tossed five times. The probability of observing “x” heads among the 5 coins is given in the table above. A particular game consists of tossing a fair coin 5 times. It costs $1 to play the game; you...
Consider two coins, one fair and one unfair. The probability of getting heads on a given...
Consider two coins, one fair and one unfair. The probability of getting heads on a given flip of the unfair coin is 0.10. You are given one of these coins and will gather information about your coin by flipping it. Based on your flip results, you will infer which of the coins you were given. At the end of the question, which coin you were given will be revealed. When you flip your coin, your result is based on a...
2. Probability For the following events: a) State whether these are and or or probabilities b)...
2. Probability For the following events: a) State whether these are and or or probabilities b) State whether they are independent or dependent (for and ) or overlapping or non-overlapping (for or ) c) Find the probability of the event. Randomly selecting a committee of seven from a pool of 15 men and 15 women, and ending up with all women. Getting a sum of either 6 or 8 on a roll of two dice. Getting at least one parking...
1) Four fair coins are tossed. Find the following probabilities: a) P(getting 2 heads and 2...
1) Four fair coins are tossed. Find the following probabilities: a) P(getting 2 heads and 2 tails) b) P(getting at least one heads) c) P(getting 2 heads given there is at least one heads) 2. The probability that a new Duracell battery is defective is 1%. Suppose that Janet buys a 100 pack of batteries from Costco. Find the following probabilities: a) P(3 batteries are defective) b) P(none of the batteries are defective)
Suppose you roll, two 6-sided dice Write any probability as a decimal to three place values...
Suppose you roll, two 6-sided dice Write any probability as a decimal to three place values and the odds using a colon. Determine the following: 1. The probability that you roll a sum of seven (7) 2. The odds for rolling a sum of four (4) is 3. The odds against the numbers on both dice being the same is Suppose you have a bag with the following marbles: four (4) red, six (6) pink, two (2) green, and seven...
You have a coin that you suspect is not fair (i.e., the probability of tossing a...
You have a coin that you suspect is not fair (i.e., the probability of tossing a head (PH) is not equal to the probability of tossing a tail (PT) or stated in another way: PH ≠ 0.5). To test yoursuspicion, you record the results of 25 tosses of the coin. The 25 tosses result in 17 heads and 8 tails. a) Use the results of the 25 tosses in SPSS to construct a 98% confidence interval around the probability of...
7. If you flip 10 fair coins, what is the probability that: (a) Exactly 5 of...
7. If you flip 10 fair coins, what is the probability that: (a) Exactly 5 of them are “heads”? (b) At least 8 of them are “heads”? 8. Urn A has four red balls and two white balls, and urn B has three red balls and four white balls. A fair coin is tossed. If it lands heads up, a ball is drawn from urn A; otherwise, a ball is drawn from urn B. Compute (a) the probability a red...