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Here Binomial distribution to be used because two mutually exclusive outcomes oc

Here Binomial distribution to be used because two mutually exclusive outcomes occurrence(here attempting the advanced terrain) and non-occurrence(here not attempting the advanced terrain) are possible for each visitor Here the formula used is the Probability mass function of binomial distribution P(X=x) =  where p is the probability of success, q= (1-p) probability of failure, r = … Read more

Assignment – Applying Game Theory Overview Gaming and probability are intertwine

Assignment – Applying Game Theory Overview Gaming and probability are intertwined. In fact, there is an entire discipline in mathematics called “Game Theory.” In this assessment, you will apply discrete and continuous probability distributions to games. There will be two parts: the first will concentrate on discrete probability distributions, and the second part will focus on continuous probability distributions. Instructions Part One … Read more

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