If you have 3 choices, with the exp ( scaled net utility) being: 1.25 , 2.75 ,1.125 , for choice 1 , choice 2 and choice 3 respectively. There is a "no choice" option. The probability of customer will make no choice is: a. 16% b. 18 % c. 20% d. None of these answer

If you have 3 choices, with the exp ( scaled net utility) being: 1.25 , 2.75 ,1.125 , for choice 1 , choice 2 and choice 3 respectively. There is a "no choice" option. The probability of customer will make no choice is: a. 16% b. 18 % c. 20% d. None of these answer

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

Related questions

Q: Makayla is flying from Memphis to Oklahoma City with a connection in Denver. The probability her…

Q: An insurance company claims the probability of surviving a certain type of cancer is 30%. What are…

A: The objective of this question is to convert the given probability into odds. Probability and odds…

Q: Mark draws a card from a deck 10 times, with replacement. Of the cards drawn, he sees 3 Heart cards.…

A: Number of Cards in deck = 52 Number of Hearts = 13 On one draw, P(drawing a heart) = 13/52 = 0.25…

Q: A quick quiz consists of a multiple-choice question with 5 possible answers followed by a true/false…

A: Given dataMultiple choice questions with 5 possible answers followed by a true and false5 possible…

Q: 4. You roll a single number cube 20 times. What is the probability that it lands on 3 at least 5…

A: We are given:number of trials: n = 20probability of success: 1/6number of successes: at least 5 So,…

Q: You're a small insurance company that insures 5000 people. Let's say that 1 house will catch on fire…

A: Given:5000 people insured.Probability of a house catching on fire is 1/5000.Payment in case of a…

Q: Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $240, the…

A: As per our guidelines, we are supposed to answer only 3…

Q: a. Suppose that Natasha, Monim and Rehan are serving in a restaurant on roster shifting. On a…

A: Given two problems related to Total probability theorem and Bayes' theorem. We have to find the…

Q: 4. That odds against winning in craps are 507 to 493. What is your expected return on a $20.00…

A: The odds against winning in craps are 507 to 493.

Q: We are learning to use the formula: P(A or B)=P(A)+P(B)-P(A and B) Now, the question is: Using…

A: Given data in the question; A B C D Order Accurate 330 267…

Q: how much will he be spending on average in the long run?

A: Kyle wants to buy packs of gaming cards until he gets a certain card he wants, but he has only…

Q: Solve the following problem. Mrs. Vines drives to school along the same route Monday through…

Q: The probability of A is 0.60, the probability of B is 0.40, and the probability of either is 0.76.…

A: Given: P(A)=0.6 P(B)=0.4 P(A or B)=0.76 The objective is to find the P(A and B)

Q: The probability of events A and B is 0.24, and the probability of event A is 0.4. Find the…

A: Solution: From the given information, P (A and B) = 0.24 and P (A) = 0.4.

Q: Helen plays basketball. For free throws, she makes the shot 75% of the time. Helen must now attempt…

A: Given that P(C) = 0.75 , P(D) = 75 , P(D | C) = 0.8

Q: find the probability of given data: left of z score -2.3 between the z score -2.3 and 1.53

Q: For items 15-18. A bag contains 7 white balls, 3 red balls and 2 black balls. A ball is picked from…

A: In this question we have to solve question based on the probability. We know, Probability of event…

Q: Terry purchases 25 scratch off lottery tickets. Each ticket has a 10% chance of winning. What is the…

A: Given: Sample size (n)=25. The probability of winning is p=10%=0.10.

Q: The Rule of Addition is used to find the probability of: Select one: A. Events that total more than…

A: Rule OF addition: The probability of two events is the sum OF the probability that either will…

Q: If the probability of a person losing on a scratch-off lottery ticket is 0.625, the odds of losing…

A: given data p(losing) = p = 0.625 ∴odds of losing =?

Q: Draw and find the probabilities for the following: a. between these values: z= -1.43 and 0.68 b.…

Q: Scott is at a charity fundraiser and has a chance of receiving a gift. The odds in favor of…

A: Scott has a chance of receiving a gift.The odds in favor of receiving a gift are .

Q: Allie plays on the varsity basketball team and makes 79% of her free throws. If she takes 12 shots,…

A: Given : p = 0.79 q = 1 - p = 1 - 0.79 = 0.21 n = 12 we have find P(x = 8) here, x follow a binomial…

Q: 9. A blindfolded marksman finds that on the average he it's the target 4 times out of 5. If he fires…

A: (9)Given The marksman hit's the target 4 times out of 5. We know the formula for probabilityl.e The…

Q: A student takes a true-false test but did not study and randomly guesses each answer. There are 20…

Q: Brooke buys a bag of cookies that contains 5 chocolate chip cookies, 5 peanut butter cookies, 6…

A: Given: A bag of cookies contains: Chocolate chip cookies = 5 Peanut butter cookies = 5 Sugar cookies…

Q: The probability of events A and B is 0.43, and the probability of event A is 0.9. Find the…

A: Given,P(A∩B)=0.43P(A)=0.9

Q: What is the probability of choosing a candy that is made with white chocolate and caramel?

A: Assuming the box has 8x chocolates White chocolates will be 4x Milk chocolates will be 4x

Q: You are taking a multiple-choice quiz that consists of five questions. Each question has four…

A: In n independent Bernoulli trials, a discrete random variable having two possible outcomes with…

Q: A poll showed that 45.2% of Americans say they believe that Marilyn Monroe had an affair with JFK.…

A: Given, Marilyn Monroe had an affair with JFK= 45.2% Probability that randomly selected individual…

Q: A quick quiz consists of a true/false question followed by a multiple-choice question with 6…

Q: A jar contains four times as many red marbles as blue marbles. What is the probability of drawing a…

A: Consider that there is total x blue marbles in the jar.

Q: Through ten games of basketball this season, Samuel has made 90% of his free-throws. Which word or…

A: Probability is a branch of mathematics that deals with calculating the likelihood of a given event's…

Q: Giving a test to a group of students, the grades and gender are summarized below C Total Male 9. 4 3…

Q: event of a fire, the insured damages (the payout on the policy) will be $340,000. lake a table of…

A: Solution : Given that:a) Make a table of the two possible payouts on each policy with the…

Q: 8. Dad's music collection includes 5 rock music albums, 3 classical music albums, and one love song…

A: It is given that the music collection includes Rock music albums = 5 Classical music albums = 3 Love…

Q: The social science dean at Omega University must distribute salary raises for next year. She has…

Q: An insurance company claims the probability of surviving a certain type of cancer is 85%. What are…

A: The objective of this question is to convert the given probability into odds. Probability and odds…

Q: Question 8 John Lloyd has purchased the insurance policy from an insurance company to cover the…

A: Given that:Probability that the fire destroys the house during the length of

Question

a. 16%

b. 18 %

c. 20%

d. None of these answer

Video Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Show your solution step by step
Maggie is a sandwich maker at a local deli. Last week, she tracked the number of peanut butter and jam sandwiches ordered, noting the flavour of jam and type of peanut butter requested. Creamy peanut Chunky peanut butter butter Strawberry jam 7 Grape jam 3 What is the probability that a randomly selected sandwich was made with strawberry jam and chunky peanut butter? Simplify any fractions.
The odds in favor of Frank McKinnis winning a hot dog eating contest are 2:7. a. Determine the probability that Frank will win the contest. b. Determine the probability that Frank will not win the contest.
Now you play toss-a-coin. If the coin comes up Heads, you win. If it comes up Tails, your friend wins.What is the probability that you win 4 games out of 10 now? This is a numerical question - give the answer in percent, and round to four digits after the decimal point
Place the probability of spinning each number on the probability line below. nt 2. 3 1/2 John bought a cell phone for $99 and the 7% sales tax was added at the register. John gave the cashier six $20 bills, how much change should he receive?
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. 2 a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters. The probability is (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill. The probability is (Round to three decimal places as needed.) c. What do the preceding results suggest? Students Given Four Quarters Students Given a $1 Bill F2 W S 300 OA. A student was more likely to be given four quarters than a $1 bill. OB. A stúdent given a $1 bill is more likely to have spent the money than a student given four quarters. OC. A student was more likely to have spent the money than to have kept the money. OD. A student given four quarters is more…
Explain how the answer is equal to 75%
If the probability of a person losing on a scratch-off lottery ticket is 0.955, the odds of losing are answer : answer
Find the probability of an event where a boy will wear a formal top with sneakers, and interpret it. Data: The boy has 6 tops, 5 bottoms, and 4 footwears.
Need the correct answer with solution.