A First Course in Probability
9th Edition
ISBN: 9780321794772
Author: Sheldon Ross
Publisher: PEARSON
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Chapter 3, Problem 3.68P
In Problem 3.70a, find the conditional
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QUESTION 2
Three local textile distributors (K, L, and M) are competing for a contract to supply textiles to
Company XYZ. The probabilities that textile distributors K, L, and M will win the contract are
0.4, 0.3, and 0.3, respectively. If textile distributors K, L, and M win the contract, the
probabilities that they will make profits are 0.65, 0.85, and 0.45, respectively.
a) Draw a tree diagram for the above information.
b) Calculate the probability that the contract was awarded to textile distributor K given that
the contract is found to be unprofitable.
!
Suppose that Albert and Leo are in a contract dispute. Leo has
breached their contract and this has resulted in damages of
amount x to Albert. They can negotiate a settlement before they
go to trial. If they settle, they divide the gain in total surplus from
settling equally. Going to court costs each 1000 (and they are in
the "American" system).
Suppose that Albert anticipates that the court will find x to be 0
with probability and 20,000 with probability 4. Further,
suppose that Leo anticipates that the court will find x to be O
with probability ½ and 20,000 with probability %. Assume both
Albert and Leo are risk neutral and motivated by their expected
payoffs.
Part A: Will Albert and Leo settle? If so, what is the outcome? If
not, explain why.
Part B: Suppose now that Albert believes the court will find x to
be 0 with probability 1. Leo anticipates that the court will find x
to be 0 with probability % and 20,000 with probability %. If
Albert anticipates there is scope for settlement…
Chapter 3 Solutions
A First Course in Probability
Ch. 3 - Two fair dice are rolled. What is the conditional...Ch. 3 - If two fair dice are rolled, what is the...Ch. 3 - Use Equation (2.1) to compute in a hand of bridge...Ch. 3 - What is the probability that at least one of a...Ch. 3 - An urn contains 6 white and 9 black balls. If 4...Ch. 3 - Consider an urn containing 12 balls, of which 8...Ch. 3 - The king comes from a family of 2 children. What...Ch. 3 - A couple has 2 children. What is the probability...Ch. 3 - Consider 3 urns. Urn A contains 2 white and 4 red...Ch. 3 - Three cards are randomly selected, without...
Ch. 3 - Two cards are randomly chosen without replacement...Ch. 3 - A recent college graduate is planning to take the...Ch. 3 - Suppose that an ordinary deck of 52 cards (which...Ch. 3 - An urn initially contains 5 white and 7 black...Ch. 3 - An ectopic pregnancy is twice as likely to develop...Ch. 3 - Ninety-eight percent of all babies survive...Ch. 3 - In a certain community, 36 percent of the families...Ch. 3 - A total of 46 percent of the voters in a certain...Ch. 3 - A total of 4.8 percent of the women and 37 percent...Ch. 3 - Fifty-two percent of the students at a certain...Ch. 3 - A total of 500 married working couples were polled...Ch. 3 - A red die, a blue die, and a yellow die (all six...Ch. 3 - Urn I contains 2 white and 4 red balls, whereas...Ch. 3 - Each of 2 balls is painted either black or gold...Ch. 3 - The following method was proposed to estimate the...Ch. 3 - Suppose that 5 percent of men and 0.25 percent of...Ch. 3 - All the workers at a certain company drive to work...Ch. 3 - Suppose that an ordinary deck of 52 cards is...Ch. 3 - There are 15 tennis balls in a box, of which 9...Ch. 3 - Consider two boxes, one containing 1 black and 1...Ch. 3 - Ms. Aquina has just had a biopsy on a possibly...Ch. 3 - A family has j children with probability pj, where...Ch. 3 - On rainy days, Joe is late to work with...Ch. 3 - In Example 31, suppose that the new evidence is...Ch. 3 - With probability .6, the present was hidden by...Ch. 3 - Stores A, B, and C have 50, 75, and 100 employees,...Ch. 3 - a. A gambler has a fair coin and a two-headed coin...Ch. 3 - Urn A has 5 white and 7 black balls. Urn B has 3...Ch. 3 - In Example 3a, what is the probability that...Ch. 3 - Consider a sample of size 3 drawn in the following...Ch. 3 - A deck of cards is shuffled and then divided into...Ch. 3 - Twelve percent of all U.S. households are In...Ch. 3 - There are 3 coins in a box. One is a two-headed...Ch. 3 - Three prisoners are informed by their jailer that...Ch. 3 - Suppose we have 10 coins such that if the ith coin...Ch. 3 - Prob. 3.46PCh. 3 - Prob. 3.47PCh. 3 - Each of 2 cabinets identical n appearance has 2...Ch. 3 - Prostate cancer is the most common type of cancer...Ch. 3 - Suppose that an insurance company classifies...Ch. 3 - A worker has asked her supervisor for a letter of...Ch. 3 - A high school student is anxiously waiting to...Ch. 3 - A parallel system functions whenever at least one...Ch. 3 - If you had to construct a mathematical model for...Ch. 3 - In a class, there are 4 first-year boys, 6...Ch. 3 - Suppose that you continually collect coupons and...Ch. 3 - A simplified model for the movement of the price...Ch. 3 - Suppose that we want to generate the outcome of...Ch. 3 - Independent flips of a coin that lands on heads...Ch. 3 - The color of a persons eyes is determined by a...Ch. 3 - Genes relating to albinism are denoted by A and a....Ch. 3 - Barbara and Dianne go target shooting Suppose that...Ch. 3 - A and B are involved in a duel. The rules of the...Ch. 3 - A true - false question is to be posed to a...Ch. 3 - Assume, as in Example 3h, that 64 percent of twins...Ch. 3 - The probability of the closing of the ith relay in...Ch. 3 - An engineering system consisting of n components...Ch. 3 - In Problem 3.70a, find the conditional probability...Ch. 3 - A certain organism possesses a pair of each of 5...Ch. 3 - There is a 50—50 chance that the queen carries...Ch. 3 - On the morning of September 30, 1982, the...Ch. 3 - A town council of 7 members contains a steering...Ch. 3 - Suppose that each child born to a couple is...Ch. 3 - A and B alternate rolling a pair of dice, stopping...Ch. 3 - In a certain village, it is traditional for the...Ch. 3 - Prob. 3.76PCh. 3 - Consider an unending sequence of independent...Ch. 3 - A and B play a series of games. Each game is...Ch. 3 - In successive rolls of a pair of fair dice, what...Ch. 3 - In a certain contest, the players are of equal...Ch. 3 - An investor owns shares in a stock whose present...Ch. 3 - A and B flip coins. A starts and continues...Ch. 3 - Die A has 4 red and 2 white faces, whereas die B...Ch. 3 - An urn contains 12 balls, of which 4 are white....Ch. 3 - Repeat Problem 3.87 when each of the 3 players...Ch. 3 - Let S={1,2,...,n} and suppose that A and B are,...Ch. 3 - Consider Example 2a, but now suppose that when the...Ch. 3 - In Example 5, what is the conditional probability...Ch. 3 - In Laplace s rule of succession (Example 5e ), are...Ch. 3 - A person tried by a 3-judge panel is declared...Ch. 3 - Suppose that n independent trials, each of which...Ch. 3 - Show that if P(A)0, then P(ABA)P(ABAB)Ch. 3 - Prob. 3.2TECh. 3 - Consider a school community of m families, with ni...Ch. 3 - A ball is in any one of n boxes and is in the ith...Ch. 3 - a. Prove that if E and F are mutually exclusive,...Ch. 3 - Prove that if E1,E2,...,En are independent events,...Ch. 3 - a. An urn contains n white and m black balls. The...Ch. 3 - Let A, B, and C, be events relating to the...Ch. 3 - Consider two independent tosses of a fair coin....Ch. 3 - Two percent of women age 45 who participate in...Ch. 3 - In each of n independent tosses of a coin, the...Ch. 3 - Show that 0ai1,i=1,2,..., then...Ch. 3 - The probability of getting a head on a single toss...Ch. 3 - Suppose that you are gambling against an...Ch. 3 - Independent trials that result in a success with...Ch. 3 - Prob. 3.16TECh. 3 - Prob. 3.17TECh. 3 - Let Q. denote the probability that no run of 3...Ch. 3 - Consider the gamblers ruin problem, with the...Ch. 3 - Prob. 3.20TECh. 3 - The Ballot Problem. In an election, candidate A...Ch. 3 - As a simplified model for weather forecasting,...Ch. 3 - A bag contains a white and b black balls. Balls...Ch. 3 - A round-robin tournament of n contestants is a...Ch. 3 - Prove directly thatP(EF)=P(EFG)P(GF)+P(EFGC)P(GCF)Ch. 3 - Prove the equivalence of Equations (5.11) and...Ch. 3 - Prob. 3.27TECh. 3 - Prove or give a counterexample, if E1 and E2 are...Ch. 3 - In Laplaces rule of succession (Example 5e ), show...Ch. 3 - In Laplaces rule of succession (Example 5e),...Ch. 3 - Prob. 3.31TECh. 3 - In a game of bridge, West has no aces What is the...Ch. 3 - Prob. 3.2STPECh. 3 - How can 20 balls, 10 white and 10 black, be put...Ch. 3 - Prob. 3.4STPECh. 3 - An urn has r red and w white balls that are...Ch. 3 - An urn contains b black balls and r red balls. One...Ch. 3 - A friend randomly chooses two cards, without...Ch. 3 - Show that P(HE)P(GE)=P(H)P(G)P(EH)P(EG). Suppose...Ch. 3 - You ask your neighbor to water a sickly plant...Ch. 3 - Six balls are to be randomly chosen from an urn...Ch. 3 - A type C battery is in working condition with...Ch. 3 - Prob. 3.12STPECh. 3 - Balls are randomly removed from an urn that...Ch. 3 - A coin having probability .8 of landing on heads...Ch. 3 - In a certain species of rats, black dominates over...Ch. 3 - a. In Problem 3.70b, find the probability that a...Ch. 3 - For the k-out-of-n system described in Problem...Ch. 3 - Prob. 3.18STPECh. 3 - Prob. 3.19STPECh. 3 - Suppose that there are n possible outcomes of a...Ch. 3 - If A flips vand B flips n fair coins, show that...Ch. 3 - Prove or give counterexamples to the following...Ch. 3 - Let A and B be events having positive probability....Ch. 3 - Rank the following from most likely to least...Ch. 3 - Two local factories, A and B, produce radios. Each...Ch. 3 - Show that if P(AB)=1, then P(BCAC)=1Ch. 3 - Prob. 3.27STPECh. 3 - A total of 2n cards, of which 2 are aces, are to...Ch. 3 - There are n distinct types of coupons, and each...Ch. 3 - Show that for any events E and F,P(EEF)P(EF) Hint:...Ch. 3 - There is a 60 percent chance that event A will...
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