IDNLearn.com offers a seamless experience for finding and sharing knowledge. Discover in-depth and trustworthy answers to all your questions from our experienced community members.
Sagot :
Answer:
He should play the Slow Ball Challenge
Step-by-step explanation:
The number of pitches = 9 pitches
The speed of the 9 pitches = 60 mph
The percentage of the time Diego estimates he can each pitch = 95%
P = 0.95
The amount Diego will win if he can hit all 9 pitches = $45
The amount he will loose = $10
The Fast Ball challenge
The number of pitches = 4 pitches
The speed of the 4 pitches = 90 mph
The percentage of the time Diego estimates he can each pitch = 60%
The amount Diego will win if he can hit all 4 pitches = 60 %
The amount he will loose = $20
For the Slow Ball challenge, we have;
The probability that he hits all 9 pitches and wins the $45, is given by the binomial probability distribution as follows;
P(X) = ₙCₓ · Pˣ ·(1 - P)ⁿ⁻ˣ
Therefore, we get;
P(X) = ₉C₉ · P⁹ ·(1 - P)⁹⁻⁹ = 1 × 0.95⁹ ≈ 0.63025
The probability that he losses the $45 = 1 - P(X) ≈ 1 - 0.63 = 0.36975
The expected value = 0.63025 × 45 - 0.36975 × 10 ≈ 24.66375
The expected value ≈ 24.66375
For the Fast Ball challenge, we have;
The probability that he hits all 4 pitches and wins the $80, is given by the binomial probability distribution as follows;
P(X) = ₙCₓ · Pˣ ·(1 - P)ⁿ⁻ˣ
Therefore, we get;
P(X) = ₄C₄ · P⁴ ·(1 - P)⁴⁻⁴ = 1 × 0.6⁴ ≈ 0.1296
The probability that he losses the $80 stake = 1 - P(X) ≈ 1 - 0.1296 = 0.8704
The expected value = 0.1296 × 80 - 0.8704 × 20 ≈ -7.04
The expected value ≈ -7.04.
Given that the expected value for the Fast Ball Challenge is lesser than the expected value for the Slow Ball Challenge, Diego should play the Slow Ball Challenge.
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.