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Nature of Mathematics (MindTap Course List)
13th Edition
ISBN: 9781133947257
Author: karl J. smith
Publisher: Cengage Learning
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Textbook Question
Chapter 13.1, Problem 14PS
Poker is a common game in which players are dealt five cards from a deck of cards. In Example 4, Section 12.2, we found there are 2,598,960 different possible poker hands. The winning hands (from highest to lowest) are shown in Table13.1. Find the requested probabilities in Problems 13-17. Use a calculator, and show your answers to whatever accuracy possible on your calculator.
Poker Hands | |
Royal flush 4 hands |
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Other straight flush 36 hands |
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Four of a kind 624 hands |
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Full house 3,744 hands |
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Flush 5,108 hands |
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Straight 10,200 hands |
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Three of a kind 54,912 hands |
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Two pair 123,552 hands |
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One pair 1,098,240 hands |
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Other hands 1,302,540 hands |
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a. P(four of a kind) | b. P(full house) |
Expert Solution & Answer
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Please solving problem2
Problem1
We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%. (This model is the same as in Prob. 1 of HW#2).We consider four options on this market: A European call option with maturity T = 2 years and strike price K = 5; A European put option with maturity T = 2 years and strike price K = 5; An American call option with maturity T = 2 years and strike price K = 5; An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.
Please ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.
This question builds on an earlier problem. The randomized numbers may have changed, but have your work for the previous problem available to help with this one.
A 4-centimeter rod is attached at one end to a point A rotating counterclockwise on a wheel of radius 2 cm. The other end B is free to move back and forth along a horizontal bar that goes through the center of the wheel. At time t=0 the rod is situated as in the diagram at the left below. The
wheel rotates counterclockwise at 1.5 rev/sec. At some point, the rod will be tangent to the circle as shown in the third picture.
A
B
A
B
at some instant, the piston will be tangent to the circle
(a) Express the x and y coordinates of point A as functions of t:
x= 2 cos(3πt)
and y= 2 sin(3t)
(b) Write a formula for the slope of the tangent line to the circle at the point A at time t seconds:
-cot(3πt)
sin(3лt)
(c) Express the x-coordinate of the right end of the rod at point B as a function of t: 2 cos(3πt) +411-
4
-2 sin (3лt)
(d)…
Chapter 13 Solutions
Nature of Mathematics (MindTap Course List)
Ch. 13.1 - IN YOUR OWN WORDS What is the difference between...Ch. 13.1 - IN YOUR OWN WORDS Define probabilities?Ch. 13.1 - Prob. 3PSCh. 13.1 - Prob. 4PSCh. 13.1 - Prob. 5PSCh. 13.1 - Prob. 6PSCh. 13.1 - Prob. 7PSCh. 13.1 - Prob. 8PSCh. 13.1 - Give the probabilities in Problems 9-11 in decimal...Ch. 13.1 - Give the probabilities in Problems 9-11 in decimal...
Ch. 13.1 - Give the probabilities in Problems 9-11 in decimal...Ch. 13.1 - Prob. 12PSCh. 13.1 - Poker is a common game in which players are dealt...Ch. 13.1 - Poker is a common game in which players are dealt...Ch. 13.1 - Poker is a common game in which players are dealt...Ch. 13.1 - Prob. 16PSCh. 13.1 - Prob. 17PSCh. 13.1 - Prob. 18PSCh. 13.1 - Prob. 19PSCh. 13.1 - Prob. 20PSCh. 13.1 - Prob. 21PSCh. 13.1 - Some numbers are shown in Table 13.1. Explain...Ch. 13.1 - a. One airline has six across seating in coach. If...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - Suppose that you toss a coin and roll a die in...Ch. 13.1 - Prob. 29PSCh. 13.1 - Suppose that you toss a coin and roll a die in...Ch. 13.1 - Suppose that you toss a coin and roll a die in...Ch. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Prob. 33PSCh. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Prob. 35PSCh. 13.1 - Prob. 36PSCh. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Prob. 42PSCh. 13.1 - Prob. 43PSCh. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Prob. 45PSCh. 13.1 - Prob. 46PSCh. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Perform the experiments in Problems 48-51, tally...Ch. 13.1 - Prob. 49PSCh. 13.1 - Perform the experiments in Problems 48-51, tally...Ch. 13.1 - Perform the experiments in Problems 48-51, tally...Ch. 13.1 - Prob. 52PSCh. 13.1 - Suppose it is certain that an earthquake will...Ch. 13.1 - Dice is a popular game in gambling casinos. Two...Ch. 13.1 - In dice, a pair of ones is called snake eyes. What...Ch. 13.1 - Consider a die with only four sides, marked one,...Ch. 13.1 - The game of Dungeons and Dragons uses nonstandard...Ch. 13.1 - A mad scientist has captured you and is showing...Ch. 13.2 - Level 1 IN YOUR OWN WORDS True or false? In...Ch. 13.2 - Level 1 IN YOUR OWN WORDS True or false? An...Ch. 13.2 - Prob. 3PSCh. 13.2 - Prob. 4PSCh. 13.2 - Prob. 5PSCh. 13.2 - Prob. 6PSCh. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Prob. 9PSCh. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Suppose that you roll two dice. You will...Ch. 13.2 - Level 1 A magazine subscription service is having...Ch. 13.2 - Level 1 A box contains one each of 1,5,10,20, and...Ch. 13.2 - Level 1 A box contains one each of 1,5,10,20, and...Ch. 13.2 - Level 1 Suppose that you have 5 quarters, 5 dimes,...Ch. 13.2 - Level 1 A game involves tossing two coins and...Ch. 13.2 - Level 1 Krinkles potato chips is having a Lucky...Ch. 13.2 - Level 1 A punch-out card contains 100 spaces. One...Ch. 13.2 - Level 2 What is the expectation for the 1 bets in...Ch. 13.2 - Prob. 22PSCh. 13.2 - Prob. 23PSCh. 13.2 - Prob. 24PSCh. 13.2 - Level 2 What is the expectation for the 1 bets in...Ch. 13.2 - Prob. 26PSCh. 13.2 - Prob. 27PSCh. 13.2 - Level 2 What is the expectation for the 1 bets in...Ch. 13.2 - Prob. 29PSCh. 13.2 - Prob. 30PSCh. 13.2 - Level 2 Consider the spinners in Problems 31-34....Ch. 13.2 - Prob. 32PSCh. 13.2 - Level 2 Consider the spinners in Problems 31-34....Ch. 13.2 - Level 2 Consider the spinners in Problems 31-34....Ch. 13.2 - Level 2 Assume that a dart is randomly thrown at...Ch. 13.2 - Level 2 Assume that a dart is randomly thrown at...Ch. 13.2 - Level 2 In old gangster movies on TV, you often...Ch. 13.2 - Prob. 38PSCh. 13.2 - Prob. 39PSCh. 13.2 - Level 2 A realtor who takes the listing on a house...Ch. 13.2 - Level 2 An oil-drilling company knows that it...Ch. 13.2 - Level 2 In Problem 41, suppose that the income for...Ch. 13.2 - Level 2 Consider the following game in which a...Ch. 13.2 - Level 2 A game involves drawing a single card from...Ch. 13.2 - Level 2 A company held a contest, and the...Ch. 13.2 - Level 2 A company held a bingo contest for which...Ch. 13.2 - Level 2 Heights in inches obtained by a group of...Ch. 13.2 - Level 2 In a certain school, the probabilities of...Ch. 13.2 - Level 2 Calculate the expectation to the nearest...Ch. 13.2 - Prob. 50PSCh. 13.2 - Prob. 51PSCh. 13.2 - Prob. 52PSCh. 13.2 - Prob. 53PSCh. 13.2 - Prob. 54PSCh. 13.2 - Prob. 55PSCh. 13.2 - Prob. 56PSCh. 13.2 - Problem Solving Level 3 HISTORICAL QUEST The Swiss...Ch. 13.2 - Problem Solving Level 3 HISTORICAL QUEST The Swiss...Ch. 13.2 - Prob. 59PSCh. 13.2 - Prob. 60PSCh. 13.3 - IN YOUR OWN WORDS What is the fundamental counting...Ch. 13.3 - Prob. 2PSCh. 13.3 - Prob. 3PSCh. 13.3 - Prob. 4PSCh. 13.3 - Prob. 5PSCh. 13.3 - Prob. 6PSCh. 13.3 - Which of the following is more probable? A....Ch. 13.3 - Prob. 8PSCh. 13.3 - Which of the following is more probable? A....Ch. 13.3 - Prob. 10PSCh. 13.3 - Find the requested probabilities in Problems...Ch. 13.3 - Prob. 12PSCh. 13.3 - PC ifPC-=913Ch. 13.3 - Prob. 14PSCh. 13.3 - Prob. 15PSCh. 13.3 - Choose a natural number between 1 and 100,...Ch. 13.3 - Three fair coins are tossed. What is the...Ch. 13.3 - Find the probability of obtaining at least one...Ch. 13.3 - What are the odds in favor of drawing an ace from...Ch. 13.3 - What are a four-child familys odds against having...Ch. 13.3 - The probability of drawing a heart from a deck of...Ch. 13.3 - Suppose the probability of an event is 0.80. What...Ch. 13.3 - Prob. 23PSCh. 13.3 - Racetracks quote the approximate odds for each...Ch. 13.3 - Prob. 25PSCh. 13.3 - Suppose the odds are 33 to 1 that someone will lie...Ch. 13.3 - 27. Suppose that a family want to have four...Ch. 13.3 - Prob. 28PSCh. 13.3 - Prob. 29PSCh. 13.3 - Prob. 30PSCh. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - Prob. 34PSCh. 13.3 - Prob. 35PSCh. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Prob. 40PSCh. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - What is the probability of getting a license plate...Ch. 13.3 - What is the probability of getting a license plate...Ch. 13.3 - 45. Consider the following table showing the...Ch. 13.3 - 46. Suppose a single die is rolled. Find the...Ch. 13.3 - Prob. 47PSCh. 13.3 - Prob. 48PSCh. 13.3 - 49. Suppose a pair of dice is rolled. Consider the...Ch. 13.3 - 50. Suppose a pair of dice is rolled. Consider the...Ch. 13.3 - Prob. 51PSCh. 13.3 - Show that the odds against an event E can be found...Ch. 13.3 - Prob. 53PSCh. 13.3 - A sorority has 35 members, 25 of whom are full...Ch. 13.3 - IN YOUR OWN WORDS The odds against winning a...Ch. 13.3 - Prob. 57PSCh. 13.3 - Prob. 58PSCh. 13.3 - Prob. 60PSCh. 13.4 - IN YOUR OWN WORDS What do we mean by independent...Ch. 13.4 - What is the formula for the probability of an...Ch. 13.4 - Prob. 3PSCh. 13.4 - Prob. 4PSCh. 13.4 - Prob. 5PSCh. 13.4 - Prob. 6PSCh. 13.4 - Prob. 7PSCh. 13.4 - Prob. 8PSCh. 13.4 - Prob. 9PSCh. 13.4 - Prob. 10PSCh. 13.4 - Suppose events A, B, and C are independent and...Ch. 13.4 - Suppose events A, B, and C are independent and...Ch. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - Prob. 16PSCh. 13.4 - Prob. 17PSCh. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - Prob. 19PSCh. 13.4 - Prob. 20PSCh. 13.4 - Prob. 21PSCh. 13.4 - Prob. 22PSCh. 13.4 - Prob. 23PSCh. 13.4 - Prob. 24PSCh. 13.4 - Prob. 25PSCh. 13.4 - Prob. 26PSCh. 13.4 - Prob. 27PSCh. 13.4 - Prob. 28PSCh. 13.4 - Prob. 29PSCh. 13.4 - Prob. 30PSCh. 13.4 - Prob. 31PSCh. 13.4 - Prob. 32PSCh. 13.4 - Prob. 33PSCh. 13.4 - Prob. 34PSCh. 13.4 - Prob. 35PSCh. 13.4 - Prob. 36PSCh. 13.4 - A certain slot machine has three identical...Ch. 13.4 - Suppose slot machine has three identical...Ch. 13.4 - Prob. 39PSCh. 13.4 - The one coin payoffs for the slot machine shown in...Ch. 13.4 - A high rollers Keno is offered in which you pay...Ch. 13.4 - A special catch all Keno ticket allows you to play...Ch. 13.4 - What is the expectation for playing Keno by...Ch. 13.4 - What is the expectation for playing a four-spot...Ch. 13.4 - What is the probability of obtaining five tails...Ch. 13.4 - Prob. 46PSCh. 13.4 - Assume a jar has five red marbles and three black...Ch. 13.4 - Suppose that in an assortment of 20 calculators...Ch. 13.4 - a. A game consists of at most three cuts with a...Ch. 13.4 - Prob. 50PSCh. 13.4 - Prob. 51PSCh. 13.4 - Prob. 52PSCh. 13.4 - Prob. 53PSCh. 13.4 - Prob. 54PSCh. 13.4 - Prob. 55PSCh. 13.4 - Prob. 56PSCh. 13.4 - Prob. 57PSCh. 13.4 - Prob. 58PSCh. 13.4 - Prob. 59PSCh. 13.4 - Prob. 60PSCh. 13.5 - Prob. 1PSCh. 13.5 - Prob. 2PSCh. 13.5 - Prob. 3PSCh. 13.5 - Prob. 4PSCh. 13.5 - Prob. 5PSCh. 13.5 - Prob. 6PSCh. 13.5 - Prob. 7PSCh. 13.5 - Prob. 8PSCh. 13.5 - Prob. 9PSCh. 13.5 - Prob. 10PSCh. 13.5 - Prob. 11PSCh. 13.5 - Prob. 12PSCh. 13.5 - Prob. 13PSCh. 13.5 - Prob. 14PSCh. 13.5 - Prob. 15PSCh. 13.5 - Prob. 16PSCh. 13.5 - Prob. 17PSCh. 13.5 - Prob. 18PSCh. 13.5 - Prob. 19PSCh. 13.5 - Prob. 20PSCh. 13.5 - Prob. 21PSCh. 13.5 - Prob. 22PSCh. 13.5 - Prob. 23PSCh. 13.5 - Prob. 24PSCh. 13.5 - Prob. 25PSCh. 13.5 - Prob. 26PSCh. 13.5 - Prob. 27PSCh. 13.5 - Prob. 28PSCh. 13.5 - Prob. 29PSCh. 13.5 - Prob. 30PSCh. 13.5 - Prob. 31PSCh. 13.5 - Prob. 32PSCh. 13.5 - Prob. 33PSCh. 13.5 - Prob. 34PSCh. 13.5 - Prob. 35PSCh. 13.5 - Prob. 36PSCh. 13.5 - Prob. 37PSCh. 13.5 - Prob. 38PSCh. 13.5 - Prob. 39PSCh. 13.5 - Prob. 40PSCh. 13.5 - Prob. 41PSCh. 13.5 - Prob. 42PSCh. 13.5 - Prob. 43PSCh. 13.5 - Prob. 44PSCh. 13.5 - Prob. 45PSCh. 13.5 - Prob. 46PSCh. 13.5 - Prob. 47PSCh. 13.5 - Prob. 48PSCh. 13.5 - Prob. 49PSCh. 13.5 - Prob. 50PSCh. 13.5 - Suppose the people in a room are divided into two...Ch. 13.5 - Prob. 52PSCh. 13.5 - Prob. 53PSCh. 13.5 - Prob. 54PSCh. 13.5 - Prob. 55PSCh. 13.5 - Prob. 56PSCh. 13.5 - Prob. 57PSCh. 13.5 - Prob. 58PSCh. 13.5 - Prob. 59PSCh. 13.5 - Prob. 60PSCh. 13.6 - Level 1. IN YOUR OWN WORDS What is a binomial...Ch. 13.6 - Prob. 2PSCh. 13.6 - Level 1. Find the binomial probabilities in...Ch. 13.6 - Prob. 4PSCh. 13.6 - Prob. 5PSCh. 13.6 - Prob. 6PSCh. 13.6 - Prob. 7PSCh. 13.6 - Prob. 8PSCh. 13.6 - Prob. 9PSCh. 13.6 - Prob. 10PSCh. 13.6 - Level 1. Find the probability of obtaining exactly...Ch. 13.6 - Prob. 12PSCh. 13.6 - Prob. 13PSCh. 13.6 - Prob. 14PSCh. 13.6 - Prob. 15PSCh. 13.6 - Prob. 16PSCh. 13.6 - Prob. 17PSCh. 13.6 - Prob. 18PSCh. 13.6 - Prob. 19PSCh. 13.6 - Prob. 20PSCh. 13.6 - Prob. 21PSCh. 13.6 - Prob. 22PSCh. 13.6 - Level 1. Suppose a jar contains 3 pens: 1 red, 1...Ch. 13.6 - Level 1. Suppose a jar contains 3 pens: 1 red, 1...Ch. 13.6 - Prob. 25PSCh. 13.6 - Level 1. Suppose a jar contains 3 pens: 1 red, 1...Ch. 13.6 - Prob. 27PSCh. 13.6 - Prob. 28PSCh. 13.6 - Prob. 29PSCh. 13.6 - Prob. 30PSCh. 13.6 - Prob. 31PSCh. 13.6 - Prob. 32PSCh. 13.6 - Prob. 33PSCh. 13.6 - Prob. 34PSCh. 13.6 - Prob. 35PSCh. 13.6 - Prob. 36PSCh. 13.6 - Prob. 37PSCh. 13.6 - Prob. 38PSCh. 13.6 - Prob. 39PSCh. 13.6 - Prob. 40PSCh. 13.6 - Level 2. What is the probability that if a pair of...Ch. 13.6 - Level 2. What is the probability that if a pair of...Ch. 13.6 - Prob. 43PSCh. 13.6 - Prob. 44PSCh. 13.6 - Prob. 45PSCh. 13.6 - Prob. 46PSCh. 13.6 - Prob. 47PSCh. 13.6 - Prob. 48PSCh. 13.6 - Prob. 49PSCh. 13.6 - Prob. 50PSCh. 13.6 - Prob. 51PSCh. 13.6 - Prob. 52PSCh. 13.6 - Prob. 53PSCh. 13.6 - Prob. 54PSCh. 13.6 - Prob. 55PSCh. 13.6 - Prob. 56PSCh. 13.6 - Prob. 57PSCh. 13.6 - Prob. 58PSCh. 13.6 - Prob. 59PSCh. 13.6 - Prob. 60PSCh. 13.CR - Prob. 1CRCh. 13.CR - Prob. 2CRCh. 13.CR - Prob. 3CRCh. 13.CR - Prob. 4CRCh. 13.CR - Prob. 5CRCh. 13.CR - Prob. 6CRCh. 13.CR - Prob. 7CRCh. 13.CR - Prob. 8CRCh. 13.CR - Prob. 9CRCh. 13.CR - Prob. 10CRCh. 13.CR - Prob. 11CRCh. 13.CR - Prob. 12CRCh. 13.CR - Prob. 13CRCh. 13.CR - Prob. 14CRCh. 13.CR - The probability that an individual who is selected...Ch. 13.CR - Prob. 16CRCh. 13.CR - Prob. 17CRCh. 13.CR - Prob. 18CRCh. 13.CR - Prob. 19CRCh. 13.CR - Prob. 20CR
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ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License