Math Solutions

[Solution Library] Binomial Random Variable : Suppose that at FIU Homecoming this year, there is an event called "Dunk your Professor". You have three chances

Question: Binomial Random Variable : Suppose that at FIU Homecoming this year, there is an event called "Dunk your Professor". You have three chances to throw a ball and hit a lever so that your professor will fall into the pool and get wet. You can dunk your professor a maximum of three times. Fun!

Suppose that your probability of hitting the lever each time is 0.25. Your friend offers you a bet of $5 that you cannot dunk your professor at all. You win $5 if you dunk your professor at least once and lose $5 if you do not dunk your professor at all. Is this a profitable bet?
Suppose that you win $X if you dunk your professor at least once and lose $5 if you do not dunk your professor at all. What is the minimum $X that would make this a profitable bet in the long run?

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

∴ Other downloads you may be interested in ∴

[See Steps] Provide the URL address of each of 10-K reports at the SEC

(All Steps) Review the corporate governance guidelines and the

[See Solution] Determine the market capitalization for the year end

[Solution Library] Summarize the company’s business operations as discussed

[Steps Shown] What are the total assets, the total liabilities,

Algebraic Expression Calculator - MathCracker.com

[Solution Library] Binomial Random Variable : Suppose that at FIU Homecoming this year, there is an event called "Dunk your Professor". You have three chances

reset password

sign up