Finite Mathematics for the Managerial, Life, and Social Sciences

12th Edition

ISBN: 9781337405782

Author: Soo T. Tan

Publisher: Cengage Learning

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Compound Probability

Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.

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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axi…

Conditional Probability

By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between…

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Textbook Question

Chapter 8.6, Problem 23E

CRUISE SHIP BOOKINGS Because of late cancellations, Neptune Lines, an operator of cruise ships, has a policy of accepting more reservations than there are accommodations available, From experience, $8 %$ of the bookings for the $90$ -day around-the-world cruise on the S.S. Drion, which has accommodation for $2000$ passengers, are subsequently canceled. If the management of Neptune Lines has decided, for public relations reasons, that $99 %$ of all booked passengers will obtain accommodation on the ship, determine the largest number of reservations that should be taken for this cruise on the S.S. Drion.

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Chapter 8.6, Problem 22E

Chapter 8.6, Problem 24E

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Chapter 8 Solutions

Finite Mathematics for the Managerial, Life, and Social Sciences

Ch. 8.1 - What is a random variable? Give an example.Ch. 8.1 - Prob. 2CQ Ch. 8.1 - Prob. 3CQ Ch. 8.1 - Three balls are selected at random without...Ch. 8.1 - 2.A coin is tossed four times. Let the random...Ch. 8.1 - A die is rolled repeatedly until a 6 falls...Ch. 8.1 - Cards are selected one at a time without...Ch. 8.1 - Prob. 5E Ch. 8.1 - Prob. 6E Ch. 8.1 - Prob. 7E

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Solution Summary: The author explains that the largest number of reservations that should be taken for the cruise on the S.S. Drion is 2142.

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