4) An experiment has three outcomes, I, II, and III. If outcome I is twice as likely as outcome II, and outcome II is three times as likely as outcome III, what are the probability values of the three outcomes?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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4) An experiment has three outcomes, I, II, and III. If outcome I is twice as likely
as outcome II, and outcome II is three times as likely as outcome III, what are the
probability values of the three outcomes?
5) A company's advertising expenditure is either low with probability 0.28,
average with probability 0.55, or high with probability p. What is p?
6) Consider the sample space with outcomes a, b, c, d, and e. Calculate:
(a) P(b) (b) P(A) (c) P(A')
by using the following figure
a
0.13
A
0.48
d
0.02
0.22
Transcribed Image Text:4) An experiment has three outcomes, I, II, and III. If outcome I is twice as likely as outcome II, and outcome II is three times as likely as outcome III, what are the probability values of the three outcomes? 5) A company's advertising expenditure is either low with probability 0.28, average with probability 0.55, or high with probability p. What is p? 6) Consider the sample space with outcomes a, b, c, d, and e. Calculate: (a) P(b) (b) P(A) (c) P(A') by using the following figure a 0.13 A 0.48 d 0.02 0.22
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