Rating an investment service
Are there any probability calculations that would be appropriate for rating an investment service? Why or why not?
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Assume that there are 7 different issues of Newsweek, 6 different issues of Sports Illustrated, and 2 different issues of Time, including the December 1st issue, on the rack. You choose 4 of them at random.
Assume that there are 14 board members: 9 females, and 5 males including Mark. There are 3 tasks to be assigned. Note that assigning the same people different tasks constitutes a different assignment.
An experiment consists of rolling three fair dice --- a red die, a blue die, and a white die --- and recording the number rolled on each die. Assume that the dice are fair, so that all outcomes are equally likely.
Medical records of rattlesnake bites show that about 30% of bites are dry bites. If an ER sees 6 patients what is the probability first 5 bites contain venom and 1 does not?
In the game of standard American Roulette, a bet placed on " Black" always has a p=18/38, probability of winning.
Compute the value of the correlation coefficient for the data obtained in the study of the number of absences and the final grade of the seven students in the statistics class.
What is the probability that in the next hour a total of n service requests will arrive? What is the probability density of service time of an arbitrarily chosen service request ?
Cereal Boxes are sold with prizes inside. There are 3 different prizes possible and they occur with probability 1/2, 1/3 and 1/6. What is the expected number of Cereal Boxes you must buy to get one of each prize?
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