A round-robin tournament of n contestants is a tournament in which each of the ( n 2 ) pairs of contestants play each other exactly once, with the outcome of any play being that one of the contestants wins and the other loses. For a fixed integer k , k < n , a question of interest is whether it is possible that the tournament outcome is such that for every set of k players, there is a player who beat each member of that set. Show that if ( n k ) [ 1 − ( 1 2 ) k ] n − k < 1 then such an outcome is possible. Hint: Suppose that the results of the games are independent and that each game is equally likely to be won by either contestant. Number the ( n k ) sets of k contestants, and let B i denote the event that no contestant beat all of the k players in the i th set. Then use Boole’s inequality to bound P ( ∪ i B i ) .
A round-robin tournament of n contestants is a tournament in which each of the ( n 2 ) pairs of contestants play each other exactly once, with the outcome of any play being that one of the contestants wins and the other loses. For a fixed integer k , k < n , a question of interest is whether it is possible that the tournament outcome is such that for every set of k players, there is a player who beat each member of that set. Show that if ( n k ) [ 1 − ( 1 2 ) k ] n − k < 1 then such an outcome is possible. Hint: Suppose that the results of the games are independent and that each game is equally likely to be won by either contestant. Number the ( n k ) sets of k contestants, and let B i denote the event that no contestant beat all of the k players in the i th set. Then use Boole’s inequality to bound P ( ∪ i B i ) .
Solution Summary: The author explains that if (ln kend
A round-robin tournament of n contestants is a tournament in which each of the
(
n
2
)
pairs of contestants play each other exactly once, with the outcome of any play being that one of the contestants wins and the other loses. For a fixed integer
k
,
k
<
n
, a question of interest is whether it is possible that the tournament outcome is such that for every set of k players, there is a player who beat each member of that set. Show that if
(
n
k
)
[
1
−
(
1
2
)
k
]
n
−
k
<
1
then such an outcome is possible.
Hint: Suppose that the results of the games are independent and that each game is equally likely to be won by either contestant. Number the
(
n
k
)
sets of k contestants, and let
B
i
denote the event that no contestant beat all of the k players in the ith set. Then use Boole’s inequality to bound
P
(
∪
i
B
i
)
.
The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
When a tennis player serves, he gets two chances to serve in bounds. If he fails to do so twice, he loses the point. If he
attempts to serve an ace, he serves in bounds with probability 3/8.If he serves a lob, he serves in bounds with probability
7/8. If he serves an ace in bounds, he wins the point with probability 2/3. With an in-bounds lob, he wins the point with
probability 1/3. If the cost is '+1' for each point lost and '-1' for each point won, the problem is to determine the optimal
serving strategy to minimize the (long-run)expected average cost per point. (Hint: Let state 0 denote point over,two
serves to go on next point; and let state 1 denote one serve left.
(1). Formulate this problem as a Markov decision process by identifying the states and decisions and then finding the
Cik.
(2). Draw the corresponding state action diagram.
(3). List all possible (stationary deterministic) policies.
(4). For each policy, find the transition matrix and write an expression for the…
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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