Baseball's World Series is a maximum of seven games, with the winner being the first team to win four games. Assume that the Atlanta Braves and the Minnesota Twins are playing in the World Series and that the first two games are to be played in Atlanta, the next three games at the Twins' ballpark,and the last two games, if necessary, back in Atlanta. Taking into account the projected starting pitchers for each game and the home field advantage, the probabilities of Atlanta winning each game are as follows:Game1234567Probability of win0.600.550.480.450.480.550.50(a) Set up a spreadsheet simulation model for which whether Atlanta wins or loses each game is a random variable. (Use at least 1,000 trials.)Upload your spreadsheet. (Submit a file with a maximum size of 1 MB.)Choose File No file chosenThis answer has not been graded yet.(b) What is the probability that the Atlanta Braves win the World Series? (Round your answer to three decimal places.)(c) What is the average number of games played regardless of winner? (Round your answer to two decimal places.)Need Help?Read It

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Answered: Baseball's World Series is a maximum of…

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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Complete the following probability distribution table: Probability Distribution Table P(X) 0.3 16 24 0.2 34 0.3 Submit Question
Suppose that Trendy Inc. products a style of a seasonal business suit, Sit-T-Slicker, which has a cost of $500 per unit. The demand during the season for Sit-T-Slicker is generally unknown and could be either: 200, 500, 800, 1100, and 1500 units with equal probabilities. Trendy sells the Sit-T-Slicker suit for $900 per unit during its three-month season, and for $300 per unit when sold after that time. Given the above data, what is the optimal order quantity for the Sit-T-Slicker? What is expected profit? Suppose the probabilities in part a change to 0.05, 0.25, 0.40, 0.25, 0.05 for demand levels 200, 500, 800, 1100, 1500, respectively. What is the optimal order quantity and expected profit in this case? How would better information regarding the demand for the Sit-T-Slicker suit change the data provided in this problem? How would this information affect the answers to part a? Explain.
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. 10
Suppose 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…
A system has five components connected as shown in the diagram. Assume A, B, C, D, and E function independently. If the probabilities that A, B, C, D, and E function 0.50, 0.65, 0.75, 0.95, and 0.80 respectively, what is the probability that the system fails? 50 .65 A B 1.75 с 95 D E
A system has five components connected as shown in the diagram. Assume A, B, C, D, and E function independently. If the probabilities that A, B, C, D, and E function 0.50, 0.65, 0.75, 0.95, and 0.80 respectively, what is the probability that the system fails?
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In a certain community, eight percent of all adults over age 50 have diabetes. If a health service in this community correctly diagnosis 95% of all persons with diabetes as having the disease and incorrectly diagnoses ten percent of all persons without diabetes as having the disease, find the probabilities that: The health service will diagnose an adult over age 50 as having diabetes. A person over 50 diagnosed by the health service as having diabetes actually has the disease.
A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 13% chance of returning $6,000,000 profit, a 20% chance of returning $3,000,000 profit, and a 67% chance of losing the million dollars. The second company, a hardware company, has a 14% chance of returning $6,000,000 profit, a 30% chance of returning $1,500,000 profit, and a 56% chance of losing the million dollars. The third company, a biotech firm, has a 10% chance of returning $7,000,000 profit, a 41% of no profit or loss, and a 49% chance of losing the million dollars.Order the expected values from smallest to largest. first, third, second second, third, first third, second, first first, second, third second, first, third third, first, second
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