The sales tax on a used car is $174, and the sales tax rate is 5%. Find the purchase price (the price before taxes are adde
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Answer:
- p=0.7103 (4-game series)
- p=0.6480 (2-game series)
Step-by-step explanation:
Let X be the random variable equal the the first 4 straight wins. An overall win for the stronger team implies a negative binomial function with the parameters n=4, p=0.6:
#We find probabilities for the different values of i:
Hence, probability of the stronger team winning overall is:
#Define Y as the random variable for winning 2/3 games.:
Hence, probability of the stronger team winning in 2 out 3 game series is 0.6480
The stronger team has a higher chance of winning in a 4-game series(0.7103>0.6480)