Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Jack reports he has ESP. To prove it, he states the color (red or black) of a card drawn at random from a deck of 52 cards. He does this for 30 cards (with replacement). Suppose he is correct on 18 of the cards. He states, "See, I got more than half correct? " What do you think? One way of reasoning here is: If Jack is just guessing how odd is it that he gets 18 or more correct out of 30?; i.e., obtain the probability that X ≥ 18.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M999973

Have any Question?


Related Questions in Statistics and Probability

Buses run every 15 minutes along a certain route during

Buses run every 15 minutes along a certain route during rush hour. The time that a person would have to wait at a bus stop is uniformly distributed between 0 and 18 minutes. a. What is the probability that this person ha ...

A researcher randomly assigned 160 subjects into one of two

A researcher randomly assigned 160 subjects into one of two groups: Atkins diet or Weight Watchers. The response variable was weight change in pounds after 6 weeks. The t-test results showed a p-value=.049. What can be c ...

Homework nbsp- conditional probability amp bayesian

Homework  - Conditional Probability & Bayesian Analysis 1) Questions: a. Consider rolling a 6 sided die 100 times to determine the number of times a "1" occurs: i. This is an example of what type of probability? ii. What ...

A sample of 100 people is classified by gender malefemale

A sample of 100 people is classified by gender (male/female) and by whether they are registered voters. The sample consists of 80 females and 20 males, and has a total of 60 registered voters. If these data are used for ...

1 if there are 150 values in a data set how many classes

1) If there are 150 values in a data set, how many classes should be created for a frequency histogram? A. 5 B. 6 C. 7 D. 8 E. 9 2) . If x is a binomial random variable where n = 100 and p = 0.2, find the probability tha ...

Assuming that the bank wants assets with high yields and

Assuming that the bank wants Assets with High Yields and Liabilities with Low Costs then what decisions would the bank make for the Interest Rates on both Loans (Fixed Rate Corporate, Floating Rate Corporate, Installment ...

Lets see how much you have been paying attention for your

Let's see how much you have been paying attention. For your first Pause-Problem in this chapter, please tell me three things that differentiate parametric from non-parametric tests (Hint: There are actually four, so see ...

Te number of accidents in a day in town a is given by x

The number of accidents in a day in town A is given by X , and the number of accidents in a day in town B is given by  Y . The joint probability function for  X   and  Y Y is  f ( x , y )=964 x ! y !   for  x =0,1,2,3 an ...

David barnes and his fianceacutee valerie shah are visiting

David Barnes and his fiancée Valerie Shah are visiting Hawaii. There are 38 guests registered for orientation. It is announced that 20 randomly selected registered guests will receive a free lesson of the Tahitian dance. ...

A hypothetical population consists of eight individuals

A hypothetical population consists of eight individuals ages 13, 15, 17, 21, 22, 23, 26, and 30 years. (Enter your answers to three decimal places.) (a) What is the probability that a person in this population is a teena ...

  • 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