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Tasya [4]
3 years ago
5

There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the pr

obability that: a. A single contestant finds all three "daily doubles"? b. The returning champion gets all three of the "daily doubles"? c. Each of the players selects precisely one of the "daily doubles"?
Business
1 answer:
yulyashka [42]3 years ago
7 0

Answer:

a)  0.0358

b)  0.0395

c)  0.1506

Explanation:

Number of clues "daily doubles" = 3

Determine the probabilities

<u>a) P(single contestant finds all three ) </u>

assuming event A= a returning champion gets the "daily double" in first trial

P(A) = 1/30 , P(~A) = 29/30              

assuming event B = any player picks up "daily double" after the first move

P(B |~A ) = 1/3

hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90

<em>considering second round </em>

P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9

∴ P(single contestant finds all three )  = 29/90 * 1/9 = 0.0358

<u>B) P ( returning champion gets all three ) </u>

= (1/30 + 29/90 )* 1/9

= 32 / 810 = 0.0395

<u>c) P ( each player selects only one )</u>

P = 32/405 + 29/405

  = 61 / 405 = 0.1506

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Item Skipped Item 10 Assume a company makes four products (A, B, C, and D) in a single facility. Data concerning these products
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Answer:

The company should be willing to pay less than $4.20 for one additional minute of milling machine time.

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a) Data and Calculations:

                                                              Product  Product  Product  Product                                                                

                                                                    A            B             C            D

Selling price per unit                            $42.30   $50.00   $37.60  $33.50

Variable manufacturing cost per unit $20.80   $30.70    $21.00   $19.90

Variable selling cost per unit                 $2.70     $2.10       $1.00    $2.40

Total variable costs per unit               $23.50   $32.80   $22,00  $22.30

Contribution per unit                           $18.80    $17.20    $15.60    $11.20

Milling machine minutes per unit           3.30        4.10        2.60        1.30

Contribution per minute                       $5.70     $4.20     $6.00     $8.62

Monthly demand in units                      1,000     4,000      3,000    3,000

Minutes required                                 3,300    16,400       7,800    3,900

Best use of existing minutes              2,300          0          7,800    3,900

Additional minutes required               1,000     16,400       0           0

Total minutes required = 31,400

Minutes available =          14,000

Minutes to buy =              17,400

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Product B = (16,400 * $4.20 = 68,880

Total lost contribution          $74,580

Required time to produce lost contribution = 17,400

Estimated to pay for additional minute = $4.29 ($74,580/17,400)

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