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Orlov [11]
3 years ago
9

A player plays a game in which, during each round, he has a probability 0.55 of winning $1 and probability 0.45 of losing $1. Th

ese probabilities do not change from round to round, and the outcomes of rounds are independent. The game stops when either the player loses its money, or wins a fortune of $M. Assume M = 5, and the player starts the game with $1. (a) Model the player's wealth as a Markov chain and construct the probability transition matrix (b) What is the probability that the player goes broke after 3 rounds of play?
Mathematics
1 answer:
Artemon [7]3 years ago
4 0

Answer:

45

Step-by-step explanation:

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Please answer this...​
Romashka [77]
2 in the first column and 5 in the second column
7 0
3 years ago
A states division of motor vehicles claims that 60% of teens pass their drivers test on the first attempt. an investigative repo
____ [38]

Answer: There is convincing evidence at the  the significance level that the DMV's claim is incorrect.

Step-by-step explanation:

Since we have given that

Hypothesis:

H_0:p=0.6\\\\H_a:p\neq 0.6

Probability of teens pass their drivers test on the first attempt = 60% = 0.60

Number of teens = 125

Number of them passed the tests on their first try = 86

\hat{p}=\dfrac{86}{125}=0.688

So, the value of test statistic would be

z=\dfrac{\hat{p}-p}{\sqrt{\dfrac{p(1-p)}{n}}}\\\\z=\dfrac{0.688-0.60}{\sqrt{\dfrac{0.6\times 0.4}{125}}}\\\\z=\dfrac{0.088}{0.0438}\\\\z=2.009\\\\z\approx 2.01

At α = 0.05% level of significance, critical value = 1.645

Since 1.645 < 2.01

So, we will reject the null hypothesis.

Hence, there is convincing evidence at the  the significance level that the DMV's claim is incorrect.

7 0
3 years ago
Use the digits 1,3,4,and 7 to create two whole numbers whose product is estimated to be about 600
blagie [28]
34 x 17  (round the 2 numbers)
30 x 20
   600

Also, 34 x 17 = 578, which rounds to 600


The answer is 34 and 17

7 0
3 years ago
Read 2 more answers
X - 10 = 25 please solve this hurry
Kitty [74]
X - 10 = 25
add 10 to both sides
X = 35
3 0
3 years ago
Read 2 more answers
What decimal is equivalent to 85%
mojhsa [17]

Answer:

0.85

Step-by-step explanation:

4 0
3 years ago
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