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As you do this homework, remember our "lessons for life":
Please don't just go out on-line and download someone else's solutions!
So I've got $10 that says that there are two people in here who have the same birthday. How much will you bet against me?
"Odds" is an equivalent way of thinking about this probability: how much would you bet against my bet of $10 that there will be two people in this room with the same birthday?
Even money (odds)? If so, then you would be saying that the probability of there being two people with the same birthday is 1/2.
What's the probability that a 78-year-old white female in Wood County, Ohio will survive another year?
That's the kind of question an insurance adjuster is concerned about, as am I: that's my mom!
An approximation can be obtained by looking at records for Wood County for the last year:
So let's do an experiment to see how close we get to our calculated value...
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The sample space for a roll of two dice. |
Let's do a few more calculations: