3) Suppose you own a share of a stock for which eachday the price either goes up $1 or down $1, accordingto the toss of a coin. In Excel, Find the probability yourprice will be (a) up $1 after three days (or three tosses);(b) up $1 or more after three days; (c) down $8 afterten days; (use 2n to get the total number of possibleelementary outcomes) (d) down $8 or more after tendays.

Suppose you own a share of a stock for which each day the price either goes up $1 or down $1,…

Answered: 3) Suppose you own a share of a stock…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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How are your grades? In a recent semester at a local university, 700 students enrolled in both Statistics I and Psychology I. Of these students, 88 got an A in statistics, 62 got an A in psychology, and 46 got an A in both statistics and psychology. Round the answers to four decimal places, as needed. (a) Find the probability that a randomly chosen student got an A in statistics or psychology or both. (b) Find the probability that a randomly chosen student did not get an A in statistics.
Dash and Lily Corporation wanted to raise funds for the poor. The first prize for a raffle is S500,000 (with a probability of 0.001) and the second prize is S250,000 (with a probability of0.003). What is a fair price to pay for a single ticket in this raffle?
Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
A. A recent study found that 2% of Americans admitted they had driven while intoxicated in the prior month. If a problem asks you to find the probability that 200 or fewer people in a population of 10,000 drive under the influence of alcohol, how do you solve the problem after finding the probability in the z-table? A. Subtract one from the probability you find in the z-score tables B. The probability that equates to the z-score is the answer C. Tis problem cannot be answered with the z-tables D. Take the probability you find in the z-score tables and subtract from one
Kaya is planning a 4-day vacation at the beach. The forecast has a 25% chance of rain for each of those three days. What is the probability that it will rain just one of the four days? Show calculations and explain reasoning!
A gambler uses theory to calculate the probability of winning a card game and gets P(winning) = 0.10. Which option best describes the meaning of this probability? A. He will win 10 times B. In the long run he will win approximately 10% of the time C. He will win on every 10th play D. He is guaranteed to win exactly 10% of the time
At races, your horse, White Rum, has a probability of 1/20 of coming 1st, 1/10 of coming 2nd and a probability of ¼ in coming 3rd. First place pays $5,000 to the winner, second place $4,000 and third place $1,350. Hence, is it worth entering the race if it costs $1050?
How are your grades? In a recent semester at a local university, 700 students enrolled in both Statistics I and Psychology I. Of these students, 77 got an A in statistics, 68 got an A in psychology, and 35 got an A in both statistics and psychology. Round the answers to four decimal places, as needed. Part 1 of 2 (a) Find the probability that a randomly chosen student got an A in statistics or psychology or both. The probability that a randomly chosen student got an A in statistics or psychology or both is Part 2 of 2 (b) Find the probability that a randomly chosen student did not get an A in psychology. The probability that a randomly chosen student did not get an A in psychology is X X
The annual premium for a $20,000 insurance policy against the theft of a painting is $300. If the probability that the painting will be stolen during the year is 0.02, what is your expected return from the insurance company if you take out this insurance? Upload your answer with your work and explanations here
A daycare provider has determined that 80% of the children in her care develop colds each winter. This year there are 40 children at the daycare. What is the probability that fewer than 30 children will develops colds this winter? Please explain. Options A. 0.2148 B. 0.2852 C. 0.5704 D. 0.4297
Use the following table for the next two questions. The following data represent the number of male and female students enrolled in nursing at the University of Oklahoma Health Sciences Center for a recent semester. A student is selected at random. Find the probability of each event. Nursing majors 180 1010 1190 Males Females Totals 23. The student is a male or nursing majors? (a) 1.0222 (b) 0.6200 (c) 0.6101 (d) 0.5750 Non-nursing majors 1110 1700 2810 Totals 1290 2710 4000 (e) 0.0450 24. Given that the selected student is female, find the probability that the student is a nursing major? (e) 0.1200 (a) 0.0380 (b) 0.2525 (c) 0.3727 (d) 0.9772
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