The economy will either be in a state of prosperity or recession and the probability of either is uncertain. Acompany wishes to invest in one of three ventures.ABC0.3750.500.57145010.25N-3Prosperity-6At what probability would you be indifferent between venture A & B?-21Recession

For the given data At what probability would you be indifferent between venture A&B

Answered: The economy will either be in a state…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Pretend you and your friend are gunners in a science fiction space game. You and your fellow gunner each have one shot to take out an incoming missile before it hits the ship. Your counter-missile station has a 10% success rate, while the other has a 20% success rate. What is the probability that at least one of you will hit the missile?
Q: If 5% of the people are carriers of a certain disease and 10% of them are young, what is the probability that the young person will be a carrier? For disease if we know that young people make up 20% of the population?
Q6
A poker player has either good luck or bad luck each time she plays poker. She notices that if she has good luck one time, then she has good luck the next time with probability 0.2 and if she has bad luck one time, then she has good luck the next time with probability 0.4. What fraction of the time in the long run does the poker player have good luck?
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…
Q. 2 The probability that a smoker who consumes over 20 cigarettes a day will suffer from chronic respiratory illness is 4 The 10 probability that he will suffer from heart disease is The 10 probability that he will suffer from at least one of these ailments is 6.5 10 (i) Find the probability that the smoker will suffer from both ailments. (ii) Find the probability that he will suffer from heart disease given that he suffers from chronic respiratory illness. (iii) Find the probability that he will suffer from chronic respiratory illness given that he suffers from heart disease. (iv) Are events "chronic respiratory illness" and "heart disease independent"?
You play a game of chance in which you can either win or lose (there are no other possibilities). The probability of winning is 0.12. On average, how many games we have to expect until we get the first win?
EXAMPLE 32. The probability that a contractor will get a plumbing contract is 2/3, and the probability that he will not get an electric contract is 5/9, the probability of getting at least one contract is 4/5, what is the probability that he will get both ?

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The economy will either be in a state of prosperity or recession and the probability of either is uncertain. A company wishes to invest in one of three ventures. A B C O 0.375 0.50 0.5714 5 O 0.25 2 Prosperity -3 -6 At what probability would you be indifferent between venture A & B? -2 1 Recession