Question

A theater has 4 movies in its active inventory (A, B, C & D). The theater’s...

A theater has 4 movies in its active inventory (A, B, C & D). The theater’s resident statistician has determined the following probabilities for any individual at the theater: individual at the theater will not purchase a ticket for any movies with probability 30/100, individual at the theater will purchase a ticket for movie A with probability 15/100, individual at the theater will purchase a ticket for movie B with probability 20/100, individual at the theater will purchase a ticket for movie C with probability 15/100, and finally, individual at the theater will purchase a ticket for movie D with probability 20/100. Suppose that a group of 30 individuals walk into this theater who will each purchase a single movie ticket independent of the purchase of the other individuals. What is the probability of the event: 4 purchase a ticket for movie A, 6 purchase a ticket for movie B, 10 purchase a ticket for movie C and the rest of the group purchase a ticket for movie D?

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
Listed below are 15 lengths (in minutes) of randomly selected movies (R- or PG-rated) that made...
Listed below are 15 lengths (in minutes) of randomly selected movies (R- or PG-rated) that made at least $100 million in gross revenue: 110 119 105 120 144 160 132 150 117 106 127 140 124 150 136 This problem may need more space to answer each question than the space provided. Use the back of the page or attach extra sheets as necessary. a) Is it possible to apply a confidence interval to estimate the mean length of all...
4. Suppose that we randomly select one American Adult. Let A be the event that the...
4. Suppose that we randomly select one American Adult. Let A be the event that the individuals annual income $100,000 and let B be the event that the individual has at least a bachelors degree. a. Without knowing any of the actual probabilities involved, would you expect the events A and B to be independent or not? Clearly explain in a few words. According to a Census Bureau, P(A)= 0.20, P(B)= 0.35, P(A ∩ B)= 0.14 b. What is the...
There are 4 probabilities of an event occurring: P(A) = 0.5, P(B)= 0.1, P(C) = 0.3...
There are 4 probabilities of an event occurring: P(A) = 0.5, P(B)= 0.1, P(C) = 0.3 and P(D) = 0.1. Given A, P(T) = 0.3, given B, P(T) = 0.8, given C, P(T) = 0.2, and given D, P(T) =0.5. If event T occurs, what is the probability that event A or C happened?
A recent survey of active adults found that 65% of them regularly bike ride for exercise,...
A recent survey of active adults found that 65% of them regularly bike ride for exercise, 45% are runners and 30% ride and run. a) Using a Venn diagram or otherwise, find the percentage of these adults that: i) ride or run (1 mark) A. 30% B. 110% C. 50% D. 20% E. 80% Enter the letter only ii) only run (1 mark) A. 45% B. 30% C. 35% D. 15% E. 20% Enter the letter only. iii) if they...
Marvel Studio's motion picture Guardians of the Galaxy opened over the first two days of the...
Marvel Studio's motion picture Guardians of the Galaxy opened over the first two days of the 2014 Labor Day weekend to a record-breaking $94.3 million in ticket sales revenue in North America. The ticket sales revenue in dollars for a sample of 30 theaters are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions. A B C D E F 1 Revenue Formula Used 2 32,050 Sample Size 30 =COUNT(A2:A31) 3 20,870 4 23,290...
The cost of capital is 15%. Cash flows associated with projects A,B,C,D,E are: CF0 CF1 CF2...
The cost of capital is 15%. Cash flows associated with projects A,B,C,D,E are: CF0 CF1 CF2 CF3 A -100 30 150 70 B -66 30 50 60 C -33 40 20 40 D -66 60 50 30 E -50 60 50 20 Which projects would you undertake if you have 100 of cash to invest? Question 7 options: A B C D E
Using Net Benefit to Evaluate Risk Response Alternatives Cooper Movie Studio Corp. makes movies and is...
Using Net Benefit to Evaluate Risk Response Alternatives Cooper Movie Studio Corp. makes movies and is interested in lowering its operating costs for the following year, while maintaining the high quality and appeal of its movies. Cooper’s management is concerned about the additional costs the company would have to incur if new industry regulation is passed by Congress. The chart at the top of the next page contains a description of this top risk, an inherent risk assessment, three risk...
The cost of capital is 15%. Cash flows associated with projects A,B,C,D,E are: CF0 CF1 CF2...
The cost of capital is 15%. Cash flows associated with projects A,B,C,D,E are: CF0 CF1 CF2 CF3 A -100 30 150 70 B -66 30 50 60 C -33 40 20 40 D -66 60 50 30 E -50 60 50 20 What will be the total NPV of the projects that you end up undertaking if you have 100 of cash to invest? Please round your answer to the second decimal.
1. A question on a multiple-choice test has 10 questions each with 4 possible answers (a,b,c,d)....
1. A question on a multiple-choice test has 10 questions each with 4 possible answers (a,b,c,d). a. What is the probability that you guess all the answers to the 10 questions correctly (earn 100%)?
Question 4 You are given the following information on Events A, B, C, and D. P(A)...
Question 4 You are given the following information on Events A, B, C, and D. P(A) = .5 P(B) = .3 P (C) = .20 P(A U D) = .8 P(A ∩ C) = 0.05 P (A │B) = 0.22 P (A ∩ D) = 0.25 Compute P(D). Compute P(A ∩ B). Compute P(A | C). Compute the probability of the complement of C. What does it mean to be mutually exclusive? Give an example.