Probability that you guess the color correctly by chance

Assignment Help Basic Statistics

Reference no: EM131772415

Question: Suppose you wanted to test your ESP using an ordinary deck of 52 cards, which has 26 red and 26 black cards. You have a friend shuffle the deck and draw cards at random, replacing the card and reshuffling after each guess. You attempt to guess the color of each card.

a. What is the probability that you guess the color correctly by chance?

b. Is the answer in part a based on the relative-frequency interpretation of probability or is it a personal probability?

c. Suppose another friend has never tried the experiment but believes he has ESP and can guess correctly with probability .60. Is the value of .60 a relative-frequency probability or a personal probability? Explain.

d. Suppose another friend guessed the color of 1000 cards and got 600 correct. The friend claims she has ESP and has a .60 probability of guessing correctly. Is the value of .60 a relative-frequency probability or a personal probability? Explain.

Reference no: EM131772415

Questions Cloud

Prepare the general journal entries to record transaction : Prepare the general journal entries (bugetary and actual) to record the following transaction of the Quinones County General Fund

Discuss the option to purchase at the end of the lease : Sanderson does not expect to incur any extra kilometer charges because it is likely that the BMW won't be driven that much by the CEO

Analyze why you should always search the free space : Analyze why you should always search the free space and slack space if you suspect a person has deliberately deleted files or information on a workstation.

Compute the flexible-budget variance : It budgets for 60,000 pumpkin scones. Actual output was 60,800 pumpkin scones. Compute the flexible-budget variance

Probability that you guess the color correctly by chance : Suppose you wanted to test your ESP using an ordinary deck of 52 cards, which has 26 red and 26 black cards. You have a friend shuffle the deck and draw cards.

What information will join table together using relationship : Apply appropriate data types and consider what information will join the tables together using a relationship.

What is the total budgeted cost for each activity : What is the total budgeted cost for each activity and the total budgeted indirect cost for March 2008

Differentiate relative frequency or a personal probability : Using the method you described in part a, would your result be a relativefrequency probability or a personal probability? Explain.

What is the price of abc preferred stock today : In 2010, ABC, Inc. issued a preferred stock that was sold for $900. If the discount rate on that issue remains the same, what is the price of ABC's preferred

User Account

All Pages