4 Answered Questions for the topic Probability Model

06/21/18

#### Calculate the expected amount paid

The owner of a grocery shop buys a policy to insure its revenue in the event of catastrophes (e.g. earthquakes, snowstorms etc.) that shut down the business.
The policy pays nothing for the first...
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Probability Model

01/21/17

#### A jar consist of 3 red marbles, 2 blue marbles, and 5 green marbles. A marble is selected at random from the jar. Create a probability model for this experiment

A jar consist of 3 red marbles, 2 blue marbles, and 5 green marbles. A marble is selected at random from the jar. Create a probability model for this experiment

Probability Model

05/24/14

#### help will probablity

one card is drawn from a deck of 52. what is the probability that it is (written as fraction)
a. a diamond ?
b. a king ?
c. an ace or king ?
I have:
a. P(A) = P(1)...
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01/03/13

#### How do I create a probability model?

You draw a card from a deck If you get a red card ou win nothing. If you get a spade you win $5. If you draw a club you win $10 plus an extra $20 for the ace of clubs. Create a probablity model for...
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