Suppose you draw two cards, without replacement, from a stan…

Suppose you draw two cards, without replacement, from a standard deck of cards. E={“version”:”1.1″,”math”:”E=”} the first card drawn is a heart F={“version”:”1.1″,”math”:”F=”} the second card drawn is also a heart Find P(F|E){“version”:”1.1″,”math”:”P(F|E)”}.

EC #4   Consider the carnival game from earlier: You are pay…

EC #4   Consider the carnival game from earlier: You are paying a carnival game which costs $5 to play. You roll a standard six-sided die. The payout is as follows: If  you roll a 6, you win $15. If you roll a 1 or a 2, you win $3. If  you roll a 3, 4, or 5, you win $0 (you still lose your initial $5 cost).  Find the expected value of this game for the player.  Is this a fair game? Explain. If not, state what it would take for the game to be fair.  Show the calculations for determining a fair game in the blue book.

Suppose you are ordering shirts for your organization.  The…

Suppose you are ordering shirts for your organization.  The shirts come in small, medium, large and extra-large.  In addition the shirts can be ordered in red, blue, gray and green.  Lastly the placement of the logo can be customized to be printed on the front of the shirt, on the back, or on the sleeves.  How many different styles of shirts can the members of your organization choose from?