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Using Excel find the probability value for the given data
Dice Probabilities:
A common dice game called craps is played in several variations, resulting in an infinitely large probability tree. To see some of the results associated with large probability tree. To see some of the results associated with large probability trees, consider the following single die game, similar to creaps, which we will call scraps.
A player rolls a single die, if the player rolls 2 or 6, he wins. If the player rolls a 1 he loses. With any other result the player rolls again. If his second roll matches his first roll, he wins. If he 2nd roll is 1,2 or 6, he loses. If the player does not win or lose on his second roll he continues to roll, using the same criteria given for the second roll.
i.e. 6 wins 3 4 6 loses 1 loses 3 5 2 loses 3 5 4 3 wins 3 3 wins 2 wins 5 3 3 3 3 4 5 wins
Play 100 games of scraps and empirically determine an estimate for the probability of winning.
P(A 1 )= .20, P(A 2 ), and P(A 3 )= .40. P(B 1 I A 1 ) = .25. P(B 1 I A 2 ) = .05. P(B 1 I A 3 )=.10. Use Bayes' theorem to determine P(A 3 I B 1 )
The Queen Mary sails between England and the U.S. Stowaways are sometimes found on board. The ages (years) of stowaways from eastbound and westbound crossings are given below. Eastbound: 24, 24, 34, 15, 19, 22, 18, 20, 20, 17 Westbound: 41, 24, 32..
Construct a 95% confidence interval on the population mean for the following sample data set:
Based on this sample information, develop a 90 percent confidence interval for the population mean yearly premium.
Hours worked is important predictor of amount of sales.
Use the sales data given below determine: a) The least square trend line.
Make use of normal probability distribution features of EXCEL to help determine the probability.
Suppose that past data are not available for developing a planning value for p; therefore, you will use p = 0.050 for the planning average.
Determine the shape of chi-square distribution?
Which sessions, morning or afternoon, had more stable or uniform attendance over three-day period? Describe by using the suitable calculation for each data set and compare two calculations .
Determine the distribution of X? Determine its parameters?
Calculate a 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments.
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