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A Man Has Five Ties and Each Day Chooses a Tie

question 45

Essay

A man has five ties and each day chooses a tie at random to wear to work. He is colorblind and is wife frequently complains that he wears the same tie two days in a row. Your task is to design and conduct a simulation that could be used to estimate the probability that he wears the same tie two days in a row in a 5-day week.
a)To simulate the first strategy discussed above, assign digits to the ties that will result in the probability of selection of each tie to be the same.
Tie 1 Digits:
Tie 2 Digits:
Tie 3 Digits:
Tie 4 Digits:
Tie 5 Digits:

b)Describe how you would use a random digit table to conduct one run of your simulation.
A man has five ties and each day chooses a tie at random to wear to work. He is colorblind and is wife frequently complains that he wears the same tie two days in a row. Your task is to design and conduct a simulation that could be used to estimate the probability that he wears the same tie two days in a row in a 5-day week. a)To simulate the first strategy discussed above, assign digits to the ties that will result in the probability of selection of each tie to be the same. Tie 1 Digits: Tie 2 Digits: Tie 3 Digits: Tie 4 Digits: Tie 5 Digits: ​ b)Describe how you would use a random digit table to conduct one run of your simulation. ​


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Medical Insurance

A policy that covers the cost of an insured individual's medical and surgical expenses, either directly paid to the healthcare provider or reimbursed to the insured.

Federal Income Taxes

Federal government-imposed charges on the yearly earnings of individuals, corporations, trusts, and other legal entities.

Net Income

What a business earns in profit once every cost and tax is deducted from its revenue.

Bonus Plan Expense

Costs associated with incentive-based compensation programs designed to reward employees for their performance.

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