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
The distances in space are measured in light-years. The distance from Earth to a star is 5.9 * 10^13 kilometers. What is the distance, in light-years, from Earth to the star (1 light-year = 9.46 * 10^12 kilometers) ? a) 1.61 light-years b) 3.
Answers (1)
The fraction below is a rate: 3ft/5ft true false
Answers (1)
What is 1/2 divided by 2/5
Answers (1)
Write the expression as a product: 64 - (b+1) ^2
Answers (1)
How much sides do a hexagon have
Answers (1)
New Questions in Mathematics
Divide 78 into 2 groups
Answers (2)
Annette is taller than Heather but shorter than garo Tanya's height is between Garo and Annette's Karin would be shortest if it weren't for Alexa list the names in order from shortest to tallest
Answers (1)
What is 0.26 written as a fraction in simplest form?
Answers (2)
What is the perimeter of ΔYXZ? 3.5 in. 5.3 in. 6.4 in. 7.8 in.
Answers (1)
How do you know if a number is smaller or bigger
Answers (1)