When drawing five cards randomly from a deck, which is more likely, two pairs or three of
Question:
When drawing five cards randomly from a deck, which is more likely, two pairs or three of a kind? A pair is exactly two of the same denomination. Three of a kind is exactly 3 of the same denomination. (Don't count three 8's as a pair—that's 3 of a kind. And don't count 4 of the same kind as two pair— that's 4 of a kind, a very special hand.) How could you simulate 5-card hands? Be careful; once you've picked the 8 of spades, you can't get it again in that hand. a) Describe how you will simulate a component. b) Describe how you will simulate a trial. c) Describe the response variable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a A component is picking a single cardAn outcome is the suit and denomination of thecard ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities