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..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

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

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd