Fishing tournamenta sporting goods manufacturer was asked, Ask an Expert

Statistics

Fishing tournament

A sporting goods manufacturer was asked to sponsor a local boy in two fishing tourna- ments. They claim the probability that he will win the first tournament is 0.4. If he wins the first tournament, they es- timate the probability that he will also win the second is 0.2. They guess that if he loses the first tournament, the probability that he will win the second is 0.3.

a) According to their estimates, are the two tournaments independent? Explain your answer.

b) What's the probability that he loses both tournaments?

c) What's the probability he wins both tournaments?

d) Let random variable X be the number of tournaments he wins. Find the probability model for X.

e) What are the expected value and standard deviation of X?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91724721

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

What are some examples of marketing activities that are

What are some examples of "marketing" activities that are associated with the Summer Olympics? How does global marketing and the use of new digital marketing techniques facilitate marketing activities at the Olympics in ...

If all the data values in a population are converted to

If all the data values in a population are converted to? z-scores, the distribution of? z-scores will have what? mean? Choose the correct answer below. A. The mean of the? z-scores will be zero. B. The mean of the? z-sco ...

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

A clinical psychologist is the primary therapist for 18

A clinical psychologist is the primary therapist for 18 patients. She randomly selects a sample of 3 patients to be in her study. How many different samples of this size can be selected from this population of 18 patient ...

Marys parents decided to buy a new house for their

Mary's parents decided to buy a new house for their retirement. They are looking at $200,000 lake house. Since their credit history is excellent, they can get approved for 3.6% annual interest on 30-year mortgage. In the ...

The caloric consumption ofnbsp44nbspadults was measured and

The caloric consumption of 44 adults was measured and found to average 2,113. Assume the population standard deviation is 270 calories per day. Construct confidence intervals to estimate the mean number of calories consu ...

Two people agree to meet at a coffee shop they each

Two people agree to meet at a coffee shop. They each independently pick a random moment in time between 8 a.m. and 9 a.m. and show up exactly at their selected time. But they are very impatient, and only stay for 10 minu ...

Suppose that you sample 59 high school baseball pitchers in

Suppose that you sample 59 high school baseball pitchers in one county and find that they have a mean fastball pitching speed of 80.00 miles per hour (mph) with a standard deviation of 4.98 mph. Find a 95% confidence int ...

The easy clean company just paid a dividend of 150 d0150

The Easy Clean Company just paid a dividend of $1.50 (D0=$1.50). The dividend is expected to grow at a constant rate of 8%. The required rate of return is 11.50%. What is the expected price of Easy Clean stock in Year 5 ...

You are leasing a car for 48 months you put down 2000 now

You are leasing a car for 48 months. You put down $2000 now and agree to $500 monthly payments. The residual value is $15,000. The financing rate is 8% (monthly compounded). How much is the car worth?

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 Statistics and Probability Expert