Probability that the number on the first die
Two fair dice are rolled. What is the probability that the number on the first die was at least as large as 4 given that the sum of the two dice was 8?
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Jay net spends the $30,000 per year on painting supplies and the storage space. She recently received two job offers from a famed marketing firm, one offer was for $85,000 per year, and the other was for $120,000.
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Illustrate the budget constraint for hamburgers and hotdogs when your income is $20, the price of hotdogs is $1 each and the price of hamburgers is $2 each.
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The ECON3305 Company was considering a price increase and wished to estimate the price elasticity of demand. A market researcher and an economist, you and Sandy, were hired to study demand.
An unfair coin having probability of showing Head p is flipped 6 times. Suppose that all the tosses are independent. Determine the probability that the coin will show Head 4 times and Tail 2 times?
Each child born to a particular set of parents has probability 0.25 of having blood type O. If these parents have 3 children. Define the variable O to be the number of blood type O in the children.
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