In a best out of three series played between teams A and B, the team that gets
Question:
In a best out of three series played between teams A and B, the team that gets two wins first wins the entire series. Assuming that team A has a 70% chance of winning a game and that outcome of games are independent events, the probability that the series ends after two games is 58%.
a. Find the probability distribution of X = number of games played in the series.
b. Find the expected number of games to be played in the series.
c. Verify that the probability that the series ends after two games is 58% by writing out the sample space of all possible sequences of wins and losses for team A in a best of three series. (A tree diagram may help.) Find the probability for each sequence and then add up those for which the series ends after two games. (Use what you learned in Section 5.2 about probabilities for intersections of independent events.)
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics The Art And Science Of Learning From Data
ISBN: 9780321997838
4th Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg