Explore BrainMass
Share

# Probability Problems

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

1) A very rich investor has a small amount of spare cash which she wishes to invest. She has four options to choose from. She thinks company 1 has a 43% chance of giving her a return of \$327, otherwise she believes it will lose her \$296. She thinks company 2 has a 81% chance of giving her a return of \$228, otherwise she believes it will lose her \$1043. She thinks company 3 has a 46% chance of giving her a return of \$181, otherwise she believes it will lose her \$187. She thinks company 4 has a 33% chance of giving her a return of \$705, otherwise she believes it will lose her \$205. Based on these opinions, which company should she invest in?

2) In a certain mining town there are 3 times as many men as women. 64% of the men and 28% of the women attend the weekly football match. During half time a ticket is selected and the holder of that ticket is selected to win a prize. What is the probability that the holder of the winning ticket is a woman?