Assume that there are 20 m& ms in a bowl (5 red, 11 yellow, 4 green).
a. what is the probability of picking 4 m& ms that are the same color? (hint: think about how to count the number of ways to pick 4 of 1 color and 0 of another color. also, think about how many possible ways to pick 4 from the 20 total m& ms)
b. assume that your utility is 5 if you have 4 m& ms of at least 2 colors, and a utility of 1 if all 4 are of the same color. what is your expected value of utility and your variance of utility?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Assume that there are 20 m& ms in a bowl (5 red, 11 yellow, 4 green). a. what is the probability of picking 4 m& ms that are the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What polynomial could you add to 3x^4-9x^3+5x^2-x+7 to get the sum of 3+4x^4+3x-x^3+3x^2?
Answers (1)
Dave has $11 to spend on a $6 book and two birthday cards (c) for his friends. How much can he spend on each card if he buys the same card for each friend?
Answers (1)
A circle has an area of 49Tt square units. What is the diameter of the circle? 7 units 14 units 28 units 3.5 units
Answers (1)
Charles signs up for cell phone Plan A. The starting fee is $20 and she pays $15 each month. Sam signs up for Plan B. The starting fee is $50 and he pays $10 a month. After how many months do the 2 plans cost the same amount?
Answers (1)
The functions s and t are defined as follows. s (x) = 3x-4 t (x) = -5x+3 Find the value of s (t (-1)).
Answers (1)
New Questions in Mathematics
Y=|x-3|+|x+2|-|x-5|, if 3
Answers (2)
The distance between Mike's house and the grocery store is 4/5 of a mile. Mike has walked 1/2 of a mile from his house to the grocery store. How much farther does he needs to walk to reach the grocery store? A. 13/10 miles B. 3/4 of a mile C.
Answers (1)
List all the number sets that include sets that contain the number - 8. A: integers only. B: Integers and rational numbers. C: Integers and natural numbers. D: Integers, rational numbers, and natural numbers.
Answers (1)
draw the following lines and then write an equation for each. a. Slope is 0, y-intercept is 5. b. Slope is 2, y-intercept is - 1. c. Slope is - 2, y-intercept is 1. d. Slope is - 1/2, y-intercept is - 1.
Answers (1)
Nine times the sum of a number and 3 is 2
Answers (1)