Solution-Create a probability model for carnival game

Create a probability model for carnival game

Assignment Help Basic Statistics

Reference no: EM131042538

A carnival game offers a $100 cash prize for anyone who can break a balloon by throwing a dart at it. It costs $5 to play (they keep your $5 , even if you win the $100), and you're willing to spend up to $20 trying to win. You estimate that you have about a 10% chance of hitting the on any throw.

a) Create a probability model for this carnival game.

b) Find the expected number of darts you'll throw.

c) Find your expected winnings.

Reference no: EM131042538

Questions Cloud

What would be the marketing mix strategy : A company that just hired you as their new marketing manager wants to roll out its new invention, a small one and a half inch camera you wear on your clothing that takes high quality picture when you touch it once, or a video when you touch it twice...

Sort the invoice objects by partdescription : Usetheclass Invoiceprovidedintheex09_03 folder with this chapter's examples to create an array of Invoice objects.

Introduced to various motivational theories : Starting at an early age, we have been introduced to various motivational theories (e.g., Maslow’s needs hierarchy). Compare and contrast expectancy theory, equity theory, reinforcement theory, and goal setting theory. Identify the essential features..

Executing global supply chain re-engineering : Calculate the total financial impact for the re-engineering effort. What does this mean for Elizabeth Arden and its shareholders?

Create a probability model for carnival game : A carnival game offers a $100 cash prize for anyone who can break a balloon by throwing a dart at it. It costs $5 to play (they keep your $5 , even if you win the $100), and you're willing to spend up to $20 trying to win. You estimate that you ha..

What is your main motive for international expansion : Your recently founded entrepreneurial company has developed a disruptively innovative product that will make all current cell phones obsolete (use your imagination!). You have every indication that your product will be a huge success. What is your ma..

As a cash manager of a u.s.-based mnc : As a cash manager of a U.S.-based MNC that needs dollars to support U.S. operations, where would you borrow funds for the next 3 months? Explain.

Bargaining unit covered by an existing labor agreement : Circuit City employees are not represented by a labor organization and have no collective bargaining contract specifying terms and conditions of employment. How might Circuit City’s labor cost-cutting strategy be affected if its retail employees were..

Competitive issues-ability to cut prices on goods sold : Discuss your opinion regarding the merits of Circuit City’s labor cost-cutting strategy. How might the strategy affect the following competitive issues: ability to cut prices on goods sold, customer service, and recruitment and retention of retail em..

User Account

All Pages

Create a probability model for carnival game

Reference no: EM131042538

Reference no: EM131042538

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT