Hi, I have a simple probability problem that I need help with. <BR><BR>I have two groups of marbles, blue and red, 4 each, for a total of 8. I am trying to figure out what the probability is of ...
The ' Monty Hall problem ' is one of the probability problems that is known for being difficult to understand even when the result is explained. Engineer Mikhail Paszkiewicz explains how to explain ...
The problem Litt posted was: 'Suppose you have a urn containing 100 balls, n of which are red and 100-n are green, where n is uniformly distributed between 0 and 100. You randomly draw a ball from the ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
One approach to the waiting-time problem is through the integral equation, whose solution is the cumulative probability function-the method derived by Lindley. The equation is of the type for which a ...
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