Question listO Question 1O Question 2O Question 3O Question 4O Question 5O Question 6O Question 7KThe probabilities of events A, B, and An B are given. Find (a) P(A U B), (b) the odds in favor of and the odds against A, (c) the odds in favor of and the odds against B, and (d) the odds in favor of and against An BP(A) = P(B) =311611111P(An B)=(a) P(AUB) =(b) The odds in favor of A are:(Simplify your answer. Type whole numbers.)(Simplify your answer.)The odds against A are■:■-(Simplify your answer. Type whole numbers.)(c) The odds in favor of B are0:0(Simplify your answer. Type whole numbers.)The odds against B(Simplify your answer. Type whole numbers.)(d) The odds in favor of An B are:-(Simplify answer. Type whole numbers.)The odds against An B are:-(Simplify your answer. Type whole numbers.)

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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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You 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
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