4. If a person rolls doubles when he tossed two dice, he wins Php5. For the game to be fair, how much should the person pay to play for the game? 5. If a 60-year-old buys a Php1000 life insurance policy at a cost of Php60 and has a probability of 0.972 of living to age 61, find the expectation of the policy.

Q: The average time it takes a mechanic to change the oil in a car is 14 minutes. What is probability…

A: Here, μ=14 minutes.

Q: The probability of an event occurring is 4/7. Determine the odds against the event occurring

A:

Q: If two dice are thrown together, the probability of getting an even number on one die and an odd…

A:

Q: If a+b+c is equal to 22, what is the probability that a is less than b, and b is less than c?a, b,…

A: If the sum of the three Natural numbers a, b and c is n, then the total number of combinations of…

Q: Two standard dice are rolled. Find the probability that the numbers rolled equal 6.

A:

Q: If the passing grade is 9 correct answers, what is the probability that the student will fail?

A: Since there are 4 possible answers among which one is correct therefore Probability of correct…

Q: What is the expected foreign exchange rate?

A: here given  The current foreign exchange rate is 1 USD = Php 45. Assuming that the probability that…

Q: When I drive from my apartment to UCSD, I want to choose 2 out of 5 songs from Olivia Rodrigo's new…

A: From the given information,out of 5 songs, 2 songs must be chosenThe order of songs mattersVampire…

Q: There is only one checkout line and the average service time is 5 minutes per customer.  There are 3…

A:

Q: The probability of a sale is 0.50. What are the odds in favor of a sale?

A: The complement of any event is the elements which are not in that event. Then, the probability of no…

Q: If your car gets stolen, there is a 54% chance it is not recovered. In the event it is not…

A: There is a 54% chance it is not recovered. An insurance company will pay you $14,000 when the event…

Q: If the probability that an event does no occur is 0.3 determine the probability that the event…

A:

Q: Suppose that if you got in a collision, your claim amount would be around $25,000. You go to an…

A: Introduction: Denote the random variable X as the amount gained by the insurance company in a…

Q: You purchase a brand new car for $21750 and insure it. The policy pays 65% of the car's value if…

A: The company gives 65% of the cars value if there is an issue with engine, so it follows: 65% of…

Q: What is the probability that a sale will be made before the fourth sales call if the probability you…

A: From the given  information, Probability of success (he made sale call) = 0.17 p=0.17q=1-0.17  =0.83…

Q: A customer pays  $272.45  for 3-year protection plan for their laptop.  If anything happen to the…

A:

Q: Carlie is betting on a game in which each bet has an expected value of -$0.56. This implies Carlie…

A:

Q: The probability that Aiko can drive to work without having to stop at a red light is 0.125. The odds…

A: Given that  The probability that Aiko can drive to work without having to stop at a red light is…

Q: suppose the probability a team will win is 0.60. what are the odds in favor of the team winning?…

A: It is given that the probability that a team will win is 0.60.

Q: In a game of chance, a player has 3 tries to get a '6' on the dice roll. If he succeeds directly, he…

A: Given: Number of tries (n) = 3 Probability of appearing 6 (p) = 16 Amount of bet = 3 Amount earned…

Q: What does probability describes.

A: Probability is the likelihood of the occurrence of the event. It tells how often the event will…

Q: Suppose the probability of a IRS audit is 2.1% for U.S. taxpayers who file form 1040 and who earned…

A:

Q: Suppose to odds that you would encounter a red light on your way to work are given as 3:13.…

A:

Q: If the probability of winning a race is 3/8 what are the odds in favor of wining the race. Answer in…

A: From the provided information, The probability of winning a race (p) = 3/8

Q: Professor Ramos will participate in a lottery that will be played by 165 participants. He buys a…

A: The question is about expected value.Given :Total no. of participants = 165Cost of ticket =…

Q: In terms of probability, what does it mean to say that two events are independent?

A: Two events are independent , if we know that occurrence of one event does not affect the probability…

Q: 1on 16,87. A person applies for 200 equity shares of Rs.10 each to be issued at a premium of Rs.6…

A:

Q: please solve

A: Step 1:Step 2: Step 3:Step 4:

Q: If the probability of a person winning on a scratch-off lottery ticket is 0.016, the odds of winning…

A: Given: P(winning a scratch -off lottery ticket) = 0.016

Q: If two dice are rolled one time, find the probability of getting a sum less than 9.5

A: We want to find the probability

Q: In a certain industrial facility, accidents occur infrequently. It is known that the probability of…

A:

Q: If the probability of being hospitalized during a year is 0.25. Find the probability that no one is…

A: X has binomial distribution. X~binomial(n,p)n=3p=0.25probability mass function of X;…

Q: determine the odds against of rolling "snake eyes" on the first roll of a pair of dice.

A: Snake eyes: Rolling two dice and getting 1 on both the die is considered as Snake eyes. Sample…

Q: Suppose the probability of a soccer team winning a playoff game is 0.80. What are the odds of…

A: Answer:- Given, The probability of a soccer team winning a playoff game is, P(A) = 0.80.  So, The…

Q: If the probability that an individual with a Bachelor Degree in Underwater Basket-weaving will be…

A: Formula : P(A') = 1 - P(A)

Q: What is the probability that the principal is present and makes a purchase when the sales agent…

A: The probability that a school principal is present when a sales agent calls is0.8.

Q: At an exhibition, the probability of visitors on the first day is 3/5. The ticket price for a…

A:

Q: If a 60 year-old buys a $1000 life insurance policy at a cost of $70 and has a probability of 0.921…

A: The expectation of the policy until the person reaches 61 is 9 dollarsSo, $9 is equal to 900…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.