Basic properties of probabilities | Probability homework help

Problems are basic properties of probabilities and must have step by step instructions.

1. The first interviewer you meet with is explaining to you the importance of knowing the regional business landscape in order to be best prepared for new potential clients. She shows you a spreadsheet predicting potential client types with the following information.

Using basic properties of probabilities, state two reasons how you know this information is not accurate.

Client Type: Corporate – Small Business – Legal – Government – Private

Probability:      0.45                  0.11               -0.09.          0.29              0.7

Explain step by step answer.

2. The next interviewer you meet with is excited to show you a dice game he has developed that he is hoping to sell to a local casino. The game involves using two 10 sided dice with faces numbered 1 through 10.

Create a table to show all outcomes of one roll of the dice.

Explain step by step instructions

3. Using the same scenario as in number 2, determine the probability of rolling a sum of 11 on the two dice.

Explain step by step instructions.

4. Using the same scenario as in number 2, determine the probability of rolling at least one 7 on the two dice.

Explain step by step instructions.

5. Using the same scenario as in number 2, determine the probability of rolling doubles twice in a row.

Explain step by step instructions.

6. Using the same scenario as in number 2, your interviewer tells you that the game costs $1 to play and it has an expected value of 47 cents for every dollar spent. Use the following payouts to determine the expected value of the game. Do you agree with your co-worker’s assertion?

Explain step by step instructions.







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10