Mathematics, 19.10.2020 19:01 zackcarlson9374
In a casino in Blackpool there are two slot machines (machine 1 and machine 2): one that pays out 10 % of the time, and one that pays out 20 % of the time. Obviously, you would like to play on the machine that pays out 20% of the time but you do not know which of the two machines is the more generous. You thus adopt the following strategy: you assume initially that the two machines are equally likely to be the generous machine. You then select one of the two machines at random (this turns out to be machine 1) and put a coin into it. Given that you loose that first bet estimate the probability that machine 1 is the more generous of the two machines
What do I know?
What do I want to find out?
What do I expect the answer to be?
How do I go from what I know to what I want to find?
Is the answer consistent with what I expected?
Answers: 1
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Answers: 1
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Mathematics, 22.06.2019 00:00
You are looking for your first credit card. you plan to use this credit card only for emergencies and to pay the credit card balance in full each month. which credit card feature is most important? a. no annual fee b. low apr c. generous rewards program d. no balance transfer fee select the best answer from the choices provided
Answers: 2
In a casino in Blackpool there are two slot machines (machine 1 and machine 2): one that pays out 10...
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