A company has 4 (independent) manufacturing plants, and each has $1 millionin value. For simplicity reason, let us assume that the chance of a single firedestroying a whole plant in 5 year period is 5%, and there is either no loss or totalloss (no partial loss). What is the probability that loss equals to $2 million?1.35%7.14%2.23%4.51%

A company has four different manufacturing plants, and each has million in value.The chance of a…

Answered: A company has 4 (independent)…

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...

See similar textbooks

Similar questions

Saved Listen Question 1 options: Nova has a pop quiz with 9 multiple choice questions. Each question has 3 answer options. Assume that Nova randomly guesses on every question. Find the probability that Nova passes the test with a score of 70% or more. Round to the nearest tenth of a percent (1 decimal place percent). Question 2 Saved Listen Question 2 options: The chance of an email being spam is 44%. If you receive 33 emails in a single day, find the probability that exactly 14 of them are spam. Round to the nearest tenth of a percent (1 decimal place percent). Question 3 The sensitivity of a medical test is the true positive rate. In other words, the sensitivity is the probability that a person with the condition is correctly identified as having it. The specificity of a test is the true negative rate. In other words, the specificity is the probability that a person without the…
3) Solve for all parts of the question correctly, please.
A poker player has either good luck or bad luck each time she plays poker. She notices that if she has good luck one time, then she has good luck the next time with probability 0.2 and if she has bad luck one time, then she has good luck the next time with probability 0.4. What fraction of the time in the long run does the poker player have good luck?
Suppose that it rains in Spain an average of once every 11 days, and when it does, hurricanes have a 9% chance of happening in Hartford. When it does not rain in Spain, hurricanes have a 3% chance of happening in Hartford. What is the probability that it rains in Spain when hurricanes happen in Hartford? (Round your answer to four decimal places.)
If the probability that the Islanders will beat the Rangers in a game is 81%, what is the probability that the Islanders will win at least three out of five games in a series against the Rangers? Round your answer to the nearest thousandth.
A test has three parts. Part A consists of seven true-false questions, part B consists of three multiple-choice questions with five choices each, and part C requires you to match three questions with three different answers one-to-one. Assuming that you make random guesses in filling out your answer sheet, what is the probability that you will earn 100% on the test? (Leave your answer as a formula.) P(E) O P(E) O P(E) = P(E) = P(E) = = = 1 7² x 5³ x 3! 1 27 x 5³ x 3! 1 3² x 53 1 2³ x 35 x 7! x 7! 1 23 x 75 x 3!
A certain insecticide kills 60%60% of all insects in laboratory experiments. A sample of 99 insects is exposed to the insecticide in a particular experiment. What is the probability that exactly 55 insects will survive? Round your answer to four decimal places.
Suppose that it rains in Spain an average of once every 15 days, and when it does, hurricanes have a 5% chance of happening in Hartford. When it does not rain in Spain, hurricanes have a 3% chance of happening in Hartford. What is the probability that it rains in Spain when hurricanes happen in Hartford? (Round your answer to four decimal places.)

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS