Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. (Sudden death) The NHL has another season-long strike, but the owners and players reach an agreement in June which leaves time for a highly abbreviated season. They decide that fans want to see the Stanley Cup decided, and so they play only a sudden-death version of the seventh game of the final round of the playoffs. Here are the rules:

In each round, Montreal and Boston each take two penalty shots. If one team makes more goals than the other, it wins the Stanley Cup. Otherwise another round is played. This continues until there is a winner. All shots are independent, but Montreal has a probability 2/3 of scoring a goal on an individual penalty shot, while Boston has a probability of only 1/2 .

(a) Denote by P(M) the probability that Montreal wins the Cup. This is also the conditional probability that they win the Cup, given that the first round was inconclusive. Use this insight to set up and solve an equation for P(M).

(b) Event A is "the Cup was decided on the first round;" event M is "Montreal won the Cup." Are these events independent? If not,
what is P(M|A)?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91627241
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Last year galaxy corp had 350000 of assets which is equal

Last year Galaxy Corp had $350,000 of assets (which is equal to its total invested capital), $475,000 of sales, $30,250 of net income, and a debt-to-capital ratio of 40%. The new CFO believes the firm has excessive fixed ...

A study discovered that americans consumed an average of

A study discovered that Americans consumed an average of 10.7 pounds of chocolate per year. Assume that the annual chocolate consumption follows the normal distribution with a standard deviation of 3.1 pounds. Complete p ...

What is the present value of a security that will pay 9000

What is the present value of a security that will pay $9,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent

What type of data values are quantitative and the number of

What type of data values are quantitative and the number of values is finite or countable?

A cupcake stand has 40 chocolate 30 coconut and 20 banana

A cupcake stand has 40 chocolate, 30 coconut and 20 banana cupcakes. Alice chooses 20 cupcakes at random to make a box as a present for her friend. What is the probability that she chose a. Eight banana and 6 coconut cup ...

Consider the average home mortgage in new zealand of 283

'"Consider the average home mortgage in New Zealand of $283 000 where the standard deviation of the mortgages is $50 000 and home mortgages are normally distributed. If a home is known to be more than $250 000, what is t ...

Light travels at 186283 miles every second how many feet

Light travels at 186,283 miles every second. How many feet per hour does light travel? Round one decimal place if necessary.

A doctor wants to predict the birth weight of a newborn

A doctor wants to predict the birth weight of a newborn baby (measured in grams) based on the gestational age (measured in weeks) at the time of birth. The doctor uses 11 data points, with births ranging from 29 weeks to ...

42 credit card holders are selected at random for each

42 credit card holders are selected at random. For each, their current credit card balance is recorded. The average for these 42 people is = $600. Assume that the current balance of all credit card holders follows a norm ...

Find the z-score boundary that separates a normal

Find the z-score boundary that separates a normal distribution as described in each of the following: The lowest 20% of scores

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As