Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.1Consider a random experiment consists of tossing 3 coins of valuesN$1, N$5 and N$10 and observing heads and tails. a) Give the sample space. [4

1.1Consider a random experiment consists of tossing 3 coins of valuesN$1, N$5 and N$10 and observing heads and tails.

a) Give the sample space. [4 MARKS] b)

What is the probability that coin N$1 fell on a head and the rest either on head or tail?

1.2Consider an example in which a coin is tossed three consecutive times. Draw a probability tree for this experiment. Clearly name your branches and insert your probabilities for each branch.

1.3 A company plans to launch a new product. They have traditionally had a 60% success rate with the launch of new products. Market research predicts that a positive test market results is 80% of successfully launched products and a positive market result for 30% of failed product launches. If a market test result comes back negative, what is the probability that the product will be successfully launched?

1.4 A radio producer cannot produce the full quota of turning knobs it needs, so it purchases 20% of its needs from other suppliers. The quality control manager has determined that 6% of the turning knobs produced in house are defective, and that 8% of the purchased turning knobs are defective. He finds the turning knob of a randomly selected radio to be defective. What is the probability that the tube was produced by the company?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Making Hard Decisions with decision tools

Authors: Robert Clemen, Terence Reilly

3rd edition

538797576, 978-0538797573

More Books

Students also viewed these Mathematics questions

Question

3 Evaluate the integral. 35 cot2x sin22x - dx Solution

Answered: 1 week ago