A game involves tossing a balanced coin three times. The coin is tossed independently by three people. If the first head occurs on the first toss, the person playing the game will win R15. If the first head occurs on the second toss, the person will win R30 and if the first head occurs on the third toss, the person will win R45. If no heads are observed, the person will lose R15 (that is win -R15). Let X be the number of heads observed and Y be the amount won by the person playing the game. Determine and tabulate the joint probability function of X and Y.

A game involves tossing a balanced coin three times. The coin is tossed independently by three people. If the first head occurs on the first toss, the person playing the game will win R15. If the first head occurs on the second toss, the person will win R30 and if the first head occurs on the third toss, the person will win R45. If no heads are observed, the person will lose R15 (that is win -R15). Let X be the number of heads observed and Y be the amount won by the person playing the game. Determine and tabulate the joint probability function of X and Y.

Name: A game involves tossing a balanced coin three times. The coin is toss
Uploaded: 2024-03-20T07:07:26.000Z
Channel: Bartleby
Description: A game involves tossing a balanced coin three times. The coin is tossed independently by threepeople. If the first head occurs on the first toss, the person playing the game will win R15. If thefirst head occurs on the second toss, the person will w

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

2.36 Is it worth it?: Andy is always looking for ways to make money fast. Lately, he has been trying to make money by gambling. Here is the game he is considering playing: The game costs $2 to play. He draws a card from a deck. If he gets a number card (2-10), he wins nothing. For any face card ( jack, queen or king), he wins $3. For any ace, he wins $5, and he wins an extra $20 if he draws the ace of clubs. Andy's expected profit per game is?
Suppose I flip a fair coin n = 20 times. A psychic tries to predict the outcome before each flip. Three researchers have different ideas about the psychic's ability. There is Sydney, the Skeptic (S), who thinks the psychic's success rate is between 49% and 51%. There is Morgan, the Mark, M, who thinks that the psychic's success rate is 80%. And there is Carter, the Cynic (C), who thinks the psychic's success rate is 10%. Specifically: S+ 0 ~ U(.49, .51) M + 0 = .80 C0 = .10 %3D In all cases, assume the number of successful predictions follows a binomial distribution with success rate 0. Usek for the number of successes and n for the number of trials. Given all that: Determine the formula for the Bayes factor (a.k.a., likelihood ratio) supporting Carter over Morgan. Call that Bayes factor Bc:M Determine the formula for the Bayes factor (a.k.a., likelihood ratio) supporting Morgan over Sydney. Call that Bayes factor BM:S Determine the formula for the Bayes factor (a.k.a., likelihood…
which one is correct?plz explain
Which is the correct answer
During the get-together for Gerdau developers, 17 employees sat around a large round table. Each of the collaborators received a paper that said if he should say only the truth or only a lie. During the dynamic performed, each one should say which colleagues were lying and which were telling the truth. At the end of the game, all employees who were participating said: "The two people next to me are liars". At a minimum, how many employees received the paper saying to tell only the truth?
a quiz for a psychology class consists of ten questions, the questions are multiple choices with five possible answers each with only one correcct answer. if the student did not study and is guessing for all ten questions (x is the number of correct answers a students get correct) A- what is the probability of that student gettting one correct answer? B- what is the probability of that student getting a passing grade (70% or more correct is passing)
Imagine you are drawing a single card from a standard deck. You want to know the chances that you are going to pull the queen of hearts or some heart card. If Q: You draw the queen of hearts and H: You draw a heart card, can we calculate Pr(Q v H) using the Simple Disjunction Rule? Why or why not?
B. Perimeter Shot - A perimeter shot, also known as a mid-range shot, is a jump shot or general field goal attempt that an offensive player can take inside of the three-point line and is worth 2 points. To practice this, Piel has to choose four different shooting spots among the five different spots in where he is comfortable of shooting. In previous games, his shot selection is 5% from the right baseline (Spot 1), 15% from the right elbow (Spot 2), 20% from the top of the key (Spot 3), 25% from the left elbow (Spot 4) and 35% from the left baseline (Spot 5). In this drill, a shooting spot can be selected once, multiple times, or not at all. This drill illustrates a random experiment with distribution. To help Piel decide, below is the partial table for the means and standard deviations of the random variable, Y, or the number of times he shoot the ball in a shooting spot. Shooting Spot E[Y] SD[Y] Spot 1 0.2 0.4359 Spot 2 0.6 0.7141 Spot 3 0.8 0.8000 Spot 4 the mean of 1.4 by will…