Using the decision tree, what is the expected value for Alternative A5? A) $3.00 B) -$2.00 C) $1.60 D) $1.20
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Using the decision tree, what is the
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- Illustrate the problem with doing t tests among all pairs of means?See image for details.In gambling, the chances of winning are often written in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successful outcomes to the number of unsuccessful outcomes. The odds of losing is the ratio of the number of unsuccessful outcomes to the number of successful outcomes. For example, if the number of successful outcomes is 2 and the number of unsuccessful outcomes is 3, the odds of winning are 2:3 (read "2 to 3") or 2 2 (Note: If the odds of winning are the probability of success is 3' 5.) 2 3 The odds of an event occurring are 3:1. Find (a) the probability that the event will occur and (b) the probability that the event will not occur.
- Use the information that, for events A and B, we have P(A) = 0.3, P(B) = 0.4, and P(A and B) = 0.1. Find P(not B). Enter the exact answer. P(not B) = i eTextbook and MediaKylie has 12 pieces of candy left in her Halloween bag. There are 8 pieces of chocolate and 4 pieces of non-chocolate. She chooses a piece of candy at random and then chooses another piece of candy, without replacement. Draw a tree diagram to represent this situation and use it to calculate the probabilities that she picks:Two pieces of chocolate No chocolate At least one piece of non-chocolate One piece of each typeA payoff table is given as S1 S2 S3 D1 250 750 500 D2 300 -250 1200 D3 500 500 600 a. What choice should be made by the optimistic decision maker? b. What choice should be made by the conservative decision maker? c. What decision should be made under minimax regret? d. If the probabilities of d1, d2, and d3 are .2, .5, and .3 respectively, then what choice should be made under expected value?
- By rewriting the formula for the multiplication rule, you can write a formula for finding P(A and B) conditional probabilities. The conditional probability of event B occurring, given that event A has occurred, is P(B A) = Use the information below to find the probability that a flight P(A) departed on time given that it arrives on time. The probability that an airplane flight departs on time is 0.89. The probability that a flight arrives on time is 0.87. The probability that a flight departs and arrives on time is 0.83. The probability that a flight departed on time given that it arrives on time is (Round to the nearest thousandth as needed.)Please give right answer Last time I got wrong answerB. Perimeter Shot - A perimeter shot, also known as a mid-range shot, is a jump shot or general field goal attempt that an offensive player can take inside of the three-point line and is worth 2 points. To practice this, Piel has to choose four different shooting spots among the five different spots in where he is comfortable of shooting. In previous games, his shot selection is 5% from the right baseline (Spot 1), 15% from the right elbow (Spot 2), 20% from the top of the key (Spot 3), 25% from the left elbow (Spot 4) and 35% from the left baseline (Spot 5). In this drill, a shooting spot can be selected once, multiple times, or not at all. This drill illustrates a random experiment with distribution. To help Piel decide, below is the partial table for the means and standard deviations of the random variable, Y, or the number of times he shoot the ball in a shooting spot. Shooting Spot E[Y] SD[Y] Spot 1 0.2 0.4359 Spot 2 0.6 0.7141 Spot 3 0.8 0.8000 Spot 4 the mean of 1.4 by will…
- Find the probability by referring to the tree diagram on the right. P(MNB) P(M|B) = P(MNB) + P(NNB) The probability isB. Perimeter Shot - A perimeter shot, also known as a mid-range shot, is a jump shot or general field goal attempt that an offensive player can take inside of the three-point line and is worth 2 points. To practice this, Piel has to choose four different shooting spots among the five different spots in where he is comfortable of shooting. In previous games, his shot selection is 5% from the right baseline (Spot 1), 15% from the right elbow (Spot 2), 20% from the top of the key (Spot 3), 25% from the left elbow (Spot 4) and 35% from the left baseline (Spot 5). In this drill, a shooting spot can be selected once, multiple times, or not at all. This drill illustrates a random experiment with distribution. To help Piel decide, below is the partial table for the means and standard deviations of the random variable, Y, or the number of times he shoot the ball in a shooting spot. Shooting Spot E[Y] SD[Y] Spot 1 0.2 0.4359 Spot 2 0.6 0.7141 Spot 3 0.8 0.8000 Spot 4 the mean of 1.4 by will…
