I have this problem I am trying to solve and I am not sure how. Lets say 70% of the demography is white people. Now if I randomly pick 100 people from the same demography, how do I calculate what is the probability there are exactly 70 white people? or more general question, how do I calculate...
Can you help me understand how to do these 3 problems? Be specific, please.
Here is my homework, word for word:
Here we are given the probability, say .9 and we find the values of the random variable (-a and a) that determine a probability of .9 on a standard normal distribution...
This is a question my instructor asked in the last midterm exam but nobody was able to solve and he's suggesting it may come out again in the finals:
If F(x) and G(X) are two CDF's, prove that H(X) is also a CDF if
H(X) = F(X)+G(X)-F(x)G(X)
He said something about right...
Hi I am about finishing my thesis in finance but I don't remember anything about statistics and I need your help!! here is my issue:
the topic of the thesis is "exit strategies of private equity funds in luxury goods
company". The hypothesis is that, given 3 possible types of exits (trade...
I need to Calculate the probability of get 20000 or more with the following statistics;
Statistics: Forecast values
Base Case 0.00
Standard Deviation 10,519.67
I'll be really glad if you respond to this question. I am working with an interesting probability calculation problem. In my problem there are ratings for 32 chess players. They are divided into two groups to form two chess teams in such a way that each team contains all types of...
Hello everybody. I was wondering if anyone could help me with the following problem.
I need to decide between three options: a) spend my holiday in London; b) spend my holiday in Norwich; c) stay at home. My decision depends on two independent variables: 1. the chances that it will rain...
I'm trying to create a template in excel which will give me the probabilities of winning a tennis match. I've done some research already, and tried using the concept of markov chains. I want to know, are there any other concept in statistics that would give the same results? Something...