(Answered) 7you flip a coin three times the possible outcomes of this

Accounting

7.You flip a coin three times.

The possible outcomes of this random experiment are,

S = {(HHH), (HHT), (HTH), (THH), (HTT), (TTH), (THT), (TTT)}

n (S) = 8

(a) What is the probability of getting heads on onlyone of your flips?

The cases favorable to the event E1 of getting heads on only one of your flips are,

E1 = {(HTT), (TTH), (THT)}

n (E1) = 3

P (E1) = n (E1) / n (S) = 3/8 = 0.375

(b) What is the probability of getting heads on at least one flip?

The cases favorable to the event E2 of getting heads on only one of your flips are,

E2 = {(HHH), (HHT), (HTH), (THH), (HTT), (TTH), (THT)}

n (E2) = 7

P (E2) = n (E2) / n (S) = 7/8 = 0.875

25. You are to participate in a

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91600000
Price:- $35

Verified Expert

Priced at $70 Now at $35, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - a companys wages payable account had a beginning

Question - A company's Wages Payable account had a beginning balance of $12,000. During the month, the company paid out $70,000 cash for wages. The account had an ending balance of $23,000. What was recorded as Wage Expe ...

Question - if a company purchases land for 1000000 paying

Question - If a company purchases land for $1,000,000, paying $400,000 cash and borrowing the remainder with a long term note payable. Please give explanation for understanding on how this transaction be reported on a st ...

Question as a small business owner in todays

Question: As a small business owner in today's economy: • What three financial reports would you use on a regular basis? • What information would you find on each statement? • What decisions might each statement help you ...

Taxation law assignment -in june 2016 tom had signed an

TAXATION LAW ASSIGNMENT - In June 2016 Tom had signed an agreement in Sydney with XYZ Ltd to act as the company's plantation manager in Brunei until June 2018. At the time of signing the agreement, Tom was advised that i ...

Question - the following information relates to nebula

Question - The following information relates to Nebula, Inc. Sales Revenue $240,000 Cost of Goods Sold 160,000 Interest Revenue 10,000 Operating Expenses 40,000 Sales Discounts 20,000 Sales Returns and Allowances 7,000 C ...

Question - the following information relates to rem corps

Question - The following information relates to Rem Corp's accounts receivable for 2015: Accounts receivable, 1/1/15 $ 500,000 Credit sales for 2015 2,000,000 Sales returns for 2015 60,000 Accounts written off during 201 ...

Question - you would like to purchase a car with a list

Question - You would like to purchase a car with a list price of $30,000, and the dealer offers financing over a five-year period at 8%. If you decide to trade in your current car to help reduce the amount of financing r ...

Question this project paper is an individual assignmentthe

Question: This Project Paper is an individual assignment. The company you select for this Project Paper is up to you; however, it must be a publicly traded company whose financials are available on the internet. You will ...

Question - shelby has net investment income of 16790 and

Question - Shelby has net investment income of $16,790 and wage income of $72,000. She paid investment interest expense of $17,300. What is Shelby's deduction for investment interest expense?

Question - bridgeport company had ending inventory at

Question - Bridgeport Company had ending inventory at end-of-year cost of $106,800 at December 31, 2016; $132,696 at December 31, 2017; and $145,140 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, ...

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

Recent Questions

Ask Accounting Basics Expert