Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Consider the experiment of a toss of two coins.
A: observes one head.
B: observes two heads.
Find P(A) and P(B).
A: observes one head.
B: observes two heads.
Find P(A) and P(B).
Group of answer choices
P(A) = 0.1 and P(B) = 0.2
P(A) = 0.25 and P(B) = 0.25
P(A) = 0.5 and P(B) = 0.25
P(A) = 0.25 and P(B) = 0.5
P(A) = 0.5 and P(B) = 0.5
Expert Solution
Step 1
Consider the experiment of a toss of two coins.
A coin turns up either head (H) or tail (T)
Sample space:
S = {HH, HT, TH, TT}
=> n(S) = 4
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