Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A man has n keys on a key ring, one of which opens the door to his apartment. Having celebrated a bit too much one evening, he returns home only to find himself unable to distinguish one key from another. Resourcesful, he works out a fiendishly clever plan: He will choose a key at random and try it. If it fails to open the door, he will discard it and choose at random one of the remaining n-1 keys, and so on. Clearly, the probability that he gains entrance with the first key he selects is 1/n. Show that the probability that the door opens with the third key he tries is also 1/n.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91017006

Have any Question?


Related Questions in Statistics and Probability

Star corp is considering investing in new equipment to

Star Corp. is considering investing in new equipment to serve more customers. You have been asked to determine the required return of Star Corp's common equity, assuming that the firm will raise new equity financing to f ...

You buy 200 shares of stock at 500 per share you receive

You buy 200 shares of stock at $5.00 per share. You receive one dividend of 20 cents per share. You sell the stock two years later for $6.00 a share. Fee for selling the stock online is $15.

Te proportion of people who love dogs is known to be 75

The proportion of people who love dogs is known to be 75 % Australia wide. A town in far north Queensland is often different in many aspects to the rest of Australia. When 88 families were sampled the proportion who love ...

The contents of a particular bottle of shampoo marked as

The contents of a particular bottle of shampoo marked as 150 ml are found to be 153 ml at an average, with a standard deviation of 2.5 ml. What proportion of shampoo bottles contain less than the marked quantity? Assume ...

Future value of an annuitywhat is the future value of a 470

Future Value of an Annuity What is the future value of a $470 annuity payment over 7 years if the interest rates are 6 percent?

Find each of the following probabilities for a normal

Find each of the following probabilities for a normal distribution. (Use/round to 4 decimal places.) p ( z  > 0.80) p  = p ( z   Please work out the steps  so I can understand the formula

Honda is the manufacturer of 4 of the top 9 vehicles in

Honda is the manufacturer of 4 of the top 9 vehicles in terms of fuel economy. - Determine the probability distribution for the number of Hondas in a sample of 3 cars chosen from the top 9? - What is the likelihood that ...

New york graduates tend to leave the state after graduating

New York graduates tend to leave the state after graduating. A study asked the students of NYU "Are you planning to stay in NY after graduation?" In the sample, only 37% answered yes. The study explained that with a 95% ...

A jar of peanut butter contains 451 grams with a standard

A jar of peanut butter contains 451 grams with a standard deviation of 10.6 grams. Assuming a normal distribution, find the probability that a jar contains less than 448 grams.

1i which of the following characterizes a market ordera a

1) i. Which of the following characterizes a market order? a) A market order, which is considered a small order, is when 100 shares of a stock are ordered b) A market order is when the investor specifies the maximum pric ...

  • 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