ysoto_deliverable2_110319.docx - Deliverable 02 – Worksheet Your client is going to be travelling to Las Vegas in the near future and he wants to

# ysoto_deliverable2_110319.docx - Deliverable 02 –...

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Deliverable 02 – Worksheet Your client is going to be travelling to Las Vegas in the near future and he wants to place some bets on his favorite professional baseball team. To ensure he knows the odds on his bets he wants to know the probability of certain scenarios occurring. 1. Knowing that the team has won an average of 95 games over the past three seasons and that there are 162 games in a season, estimate the probability of the team winning any single game in the upcoming season. 2. Using the information from number 1, determine the probability that the team will win exactly 100 games in the upcoming season. Using the information given and a subjective approach to estimate the probability we find, P(win) = 95/162 = 0.5864 The probability of winning any single game in the upcoming season is 58.64%. I will use a binomial distribution to find the probability of winning exactly 100 games in the upcoming season. The formula for exactly k successes put of n trials with a probability of success p is: P ( x = k ) = ( n k ) p k ( 1 p )

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• Fall '18
• Melinda Whitman

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