'40 chance' presentation slideshows

Introduction to Probability

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What will happen if the case goes to trial after the defendant

"FOR MORE CLASSES VISIT www.tutorialoutlet.com This type of accident is governed by strict liability, so the injurer is legally responsible, but it may be difficult to prove in court that he caused the harm. The victim can hire a lawyer for $3,000 and go to trial, in which case he would have a 40% chance of winning."

36 views • 3 slides

All Customers Get A Free Won-Ton Scratch Off Ticket Something Great /tutorialoutletdotcom

FOR MORE CLASSES VISIT www.tutorialoutlet.com The Won-Ton is running a promotion. All customers get a free Won-Ton scratch off ticket. Scratch it, and you will find a coupon good for your next visit. The values of the coupon vary. There is a 50% chance that your coupon will be worth $10, a 40% chance that it will be worth $25, an 8% chance it will be worth $50 and a 2% chance it will be worth $100. What is the expected value of your coupon? A.$20

37 views • 3 slides