Alex has to travel from A to D changing buses at stops B and C enroute. The maximum waiting time at either stop can be 8 minutes each, but any time of waiting up to 8 minutes is equally likely at both places. He can afford up to 13 minutes of total waiting time if he is to arrive at D on time. What is the probability that Alex will arrive late at D?
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- You roll a fair die twice. What is the probability that the minimum of the 2 rolls is greater than 3 given that the sum of the two rolls is odd.Professor Brown gives her students a maximum of three attempts to pass a final examination in her statistics course. She has found that the probability of passing on the first attempt is 0.40, the probability of passing the second attempt is 0.65 and the probability of not passing the third attempt is 0.15. Find the probability that a randomly selected student of hers will pass the final examinationThe sales agent Parson works in three cities A, B and C. To avoid unnecessary travel, he stays all day in the same city and spends the night there, moving to another city the next day if he does not have enough work. After working one day in C, the probability of having to continue working there the next day is 0.4, the probability of having to travel to B is 0.4 and the probability of having to travel to A is 0.2. If the traveler sleeps one day in B, with a probability of 20% he will have to continue working in the same city the next day, in 60% of the cases he will travel to C, while he will go to A with a probability of 0.2. Finally, if the sales representative works all day in A, he will remain in the same city the next day with a probability of 0.1, he will go to B with a probability of 0.3 and to C with a probability of 0.6. A) If today the commuter is in C, what is the probability that he will also have to work in C on the fifth day B) What are the percentages of days that the…
- solve with steps Three different machines A1, A2, A3 were used for the producing a large batch of similar manufactured items. Suppose that 10% of items are produced by machine A1, 20% by A2 and 40% by A3. Suppose further that 1%of the items produced by A1, 2% by A2 and 3% by A3 machine are defective. Suppose one item is selected from the entire batch and it is found to be defective. Calculate the probability that this item was produced bymachine A2A store specializing in mountain bikes is to open in one of two malls. If the first mall is selected, the store anticipates a yearly profit of $1,425,000 if successful and a yearly loss of $475,000 otherwise. The probability of success is 1. If the second mall is selected, it is estimated that the yearly profit will be $950,000 if successful; 3 otherwise, the annual loss will be $285,000. The probability of success at the second mall is Complete parts (a) through (c) below 4 - a. What is the expected profit for the first mall?A venture capitalist is deciding among two investment opportunities. Opportunity A will provide him $4 million profit with 73% probability if it stays at base level i.e. same. But if it’s a wild success, he can sell the venture for a sure amount of $5 million or continue with the venture (that will surely put him on risk once again) where he can earn $1 million profit with probability “a” and win $15 million profit otherwise. On the other hand, if he choose to grab opportunity B, there is a “b” percent chance of winning $10 million profit and he can earn $2 million otherwise. Determine the strategy region for him. What will be the two critical points of the region where he will be indifferent among the two decision alternatives?
- Dace is a political analyst for a presidential candidate (Aspirant A) with two strong competitors (Aspirants B and C). She analyzed that B and C have exactly the same chance of winning a seat while A has twice the chance of either B and C. With the given information, what is the chance of A in winning.Becky and Carla take an advanced yoga class. Becky can hold 29% of her poses for over a minute, while Carla can hold 35% of her poses for over a minute. Suppose each yoga student is asked to hold 50 poses. Let B the proportion of poses Becky can hold for over a minute and C = the proportion of poses Carla can hold for over a minute. What is the probability that Becky's proportion of poses held for over a minute is greater than Carla's? Find the z-table here. O 0.159 O 0,259 0 0.448 O 0,741 Save and Exit Next Submit Math and rem 96 & 7 8 9. 10Suppose an oil company is thinking of buying some land for $10,000,000. There is a 60%60% chance of economic growth and a 40%40% chance of recession. The probability of discovering oil is 44%44% when there is economic growth and 32%32% when there is a recession. If there is economic growth and the oil company discovers oil, the value of the land will triple. If they do not discover oil, the value of the land will decrease by 10%.10%. If there is a recession and the company discovers oil, the value of the land will increase by 50%.50%. If they do not discover oil, the land will decrease in value by 75%.75%. What is the expected value of the investment? Give your answer to the nearest dollar. Avoid rounding within calculations. $$ Select the correct interpretation of the expected value. The expected value represents what the actual investment value will be for this land purchase of $10,000,000. The company should make the investment because the expected value…
- On our way to work we encounter two traffic lights which operate independently of one another. If there is a 50% chance that we will be stopped by the first of the two lights, and there is a 40% chance that we will be stopped by the second light, what is the probability that we will be stopped by at least one of the lights?In a city, there are two independent firetrucks, the probability that the first firetruck access to the fire place during ten minutes is 0.75, while the probability that the second firetruck access the fire place during ten minutes is 0.6. what is the probability that both firetrucks can access the fire place at the same time?XYZ Construction Company has three loaders operating every day in a construction site. During any day, each loader that is operating at the beginning of the day has a 0.25 chance of breaking down. If a loader breaks down during the day, it is sent to a repair station and will be working (operational) two days after it breaks down. (Thus, if a loader breaks down during day 3, it will be working at the beginning of day 5. Let the state of the system be the number of operational loaders at the beginning of the day. How many states does the system have?
