Probability of answering at least one question correctly
You are given 10 multiple choice questions with 5 choices each, of which only one is correct. If you try and guess the correct answer for each question. Determine the probability of answering at least one question correctly?
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A random variable X has a distribution with pdf p(x) = ((x^2)/16)*exp(-x/2) when x>0 and p(x) = 0 whenever x<0. What is the mean and variance of X?
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You put $9500 in the account with the annual interest rate of 13%. Find how long will it take for funds to double if interest is compounded annually (once per year)?
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At the beginning of winter, a homeowner estimates that the probability is 0.4 that his total heating ball for three winter months will be less than months will be less than $380. He also estimates that the probability is 0.6 that the total bill wi
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