Peter goes to office either by train, scooter or car, the probabilities of which being 0.28, 0.18, and 0.54, respectively. The probabilities that he reaches office in time, if he takes train, scooter or car are 0.39. 0.25 and 0.4 respectively. If he
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- In an amusement arcade there is a horse race with horses coloured red, yellow and green. Only one player can play this game at any time and the outcomes of each race are independent of previous races. You can either bet 10p or 20p. If you bet 10p then each horse is equally likely to win. If you bet 20p the corresponding probabilities are 50%, 30% and 20%, respectively. Three times as many people bet 10p as do 20p. Given red wins, what is the probability it had been a 20p bet? 0.333 0.300 0.313 0.298You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest cent(QUEEN'S SECRET AND GENIES) In old days, there was a queen and she had a secret problem to solve. To get an answer to her secret problem, the queen bought one female and one male genie lamps. The probabilities that her secret problem can be solved by the male and female genies are 0.3 and 0.4 respectively. A Queen looking for divine help. Assume the queen keeps the genies independently away from each other with a fear that both could not harm her, what is the probability that the queen's secret problem is solved by at least one of the genies? Note: Please keep accuracy upto two decimal places.
- The weather in Columbus is either good, indifferent, or bad on any given day. If the weather is good today, there is a 40% chance it will be good tomorrow, a 30% chance it will be indifferent, and a 30% chance it will be bad. If the weather is indifferent today, there is a 50% chance it will be good tomorrow, and a 20% chance it will be indifferent. Finally, if the weather is bad today, there is a 10% chance it will be good tomorrow and a 30% chance it will be indifferent. a. What is the stochastic matrix, P, for this situation? b. Suppose there is a 10% chance of good weather today and a 90% chance of indifferent weather. What are the chances of bad weather tomorrow? c. Suppose the predicted weather for Monday is 40% indifferent weather and 60% bad weather. What are the chances for good weather on Wednesday? a. Create the stochastic matrix, P, where G is good, I is indifferent, and B is Bad. From: GIB a (Simplify your answers.) To: GQuestion 11: Find the probability that at least one of them gets off on the 5th floor. O .271 O .3 O .336Suppose the probability that you will be elected student president is 0.15, and the probability that you will get the student scholarship is 0.55. If the two events are independent, the probability that you will not only become the president but also get the scholarship is: need complete solution
- 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…Brian, a landscape architect, submitted a bid on each of three home landscaping projects. He estimates that the probabilities of winning the bid on Project A, Project B, and Project C are 0.7, 0.5, and 0.2, respectively. Assume that the probability of winning a bid on one of the three projects is independent of winning or losing the bids on the other two projects. Find the probability that Brian will experience the following. (a) Win all three of the bids (b) Win exactly two of the bids (c) Win exactly one bid
- Find P(A or B or C) for the given probabilities. P(A) = 0.34, P(B) = 0.25, P(C) = 0.16 P(A and B) = 0.11, P(A and C) = 0.03, P(B and C) = 0.07 P(A and B and C) = 0.01 P(A or B or C) =Please help!!! Q4. Ariana and Bella are playing a game. They each have 4 cards, which are numbered 1, 2, 3 and 4. Each shuffles her own cards and turns one over at random. If the cards show the same number, Ariana wins and Bella must pay Ariana $3. If the cards show different numbers, Bella wins and Ariana must pay Bella $1. By finding the probabilities of Ariana and Bella winning, show whether or not the game is fair.