1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoray [572]
3 years ago
10

) Suppose I ask you to pick any four cards at random from a deck of 52, without replacement, and bet that if at least one of the

four is a face card (i.e., Jack, Queen, or King), you pay me one dollar; otherwise I pay you one dollar. Should you take the bet? Why? (Hint: See how the probability of this event compares to 50%. If this is too hard, try it with replacement first.) (b) What if the bet involves picking three cards at random instead of four? Should you take the bet then? Why?
Business
1 answer:
Trava [24]3 years ago
5 0

Answer & Explanation:

a) Total ways to select 4 cards out of 52

= 52 C 4 = 270725

Total ways to select 4 cards out of 40 other (faceless) cards

= 40 C 4 = 91390

P( faceless cards ) = 91390 / 270725

= 0.3376

P( minimum 1 face ) = 1 - P( faceless cards )

= 1 - 0.3376

= 0.6624

You should take the bet because probability of winning is greater than 50%.

b) Total ways to select 3 cards out of 52

= 52 C 3 = 22100

Total ways to select 4 cards out of 40 other (faceless) cards

= 40 C 3 = 9880

P( faceless cards ) = 9880 / 22100

= 0.4471

P( minimum 1 face ) = 1 - P( faceless cards )

= 1 - 0.4471

= 0.5529

You should take the bet because probability of winning is greater than 50%.

You might be interested in
Your friend, Marco, offers to share with you a paper he wrote for his Introduction to Business class last semester. When you tel
Len [333]

Answer:

The correct answer is: <u>Is it balanced?</u>

Explanation:

This question based on ethics would be the most appropriate to assess these situations. Because when you confront your friend that it would not be fair and ethical for him to share an article written by him to be used as if you had written it, he responds to you with behavior that you consider unethical, but in these situations there is no balance comparison, as they are different situations.

Ethical issues seek to solve conflicting problems and dilemmas.

5 0
3 years ago
Why is your amount owed considered when determining your credit score?
ankoles [38]

Answer:

Owing cash on credit accounts doesn't really mean you're a high-hazard borrower with a low credit Score. Notwithstanding, when a high level of an individual's accessible credit is been utilized, this can show that an individual is overextended, and is bound to make late or missed installments.

The amount owed on different accounts decides 30% of the FICO score. Aside from the general amount owed, the FICO scores think about the amount claimed freely on explicit accounts. On the off chance that you utilize a noteworthy part of the credit you are qualified for, it can negatively affect the FICO scores. Be that as it may, utilizing a less amount from as far as possible allowed can give you a superior score than not utilizing the credit by any stretch of the imagination.  

3 0
3 years ago
Trade will take place: A. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer
Lubov Fominskaja [6]

Answer: (B.) <u><em>If the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good.</em></u>

Explanation:

A producer will only sell goods and services if the consumer is willing to pay as much as the asking price. i.e. The price that the producer is asking. For this to happen the consumer's willingness to pay must be greater than the minimum price.

Therefore , the trade will take place if <u><em>the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good.</em></u>

8 0
3 years ago
What type of wave is sound?
Irina18 [472]

Answer:

b longitudinal

Explanation:

it is b longitudinal. I just know

7 0
3 years ago
Read 2 more answers
Steve walker was happy with his new personal computer. it had all the features he wanted, including a color monitor and cd-rom,
Sidana [21]
He was experiencing buyers remorse
6 0
3 years ago
Other questions:
  • There are three components to dr. juran's process improvement strategy, known as the _____________ : planning, control, and impr
    7·1 answer
  • "Phillips and Sanchez is a retailer that operates a national chain of home furnishings stores. It has designed a website and a s
    14·1 answer
  • A company introduces a new product in the market. The company decides that the only way it could attract customers is to keep th
    12·2 answers
  • The Fitting Department’s cost per equivalent unit for conversion cost for March was $6.01. How much conversion cost was assigned
    5·1 answer
  • The problem with average-cost pricing regulation is that once it is in place, there is a tendency for the:________
    8·1 answer
  • Complete each statement with the term that correctly defines.
    6·1 answer
  • The 2011 balance sheet of The Washington Post Company shows average shareholders’ equity of $2,726,277, net income of $117,157,
    15·1 answer
  • On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J
    14·1 answer
  • Fine dining, also known as white tablecloth dining, is an example of _____.
    11·1 answer
  • Which fiscal stimulus policy will provide a greater incentive to work?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!