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In Exercises 5–36, express all probabilities as fractions.

Win \(1 Billion Quicken Loans offered a prize of \)1 billion to anyone who could correctly predict the winner of the NCAA basketball tournament. After the “play-in” games, there are 64 teams in the tournament.

a. How many games are required to get 1 championship team from the field of 64 teams?

b. If you make random guesses for each game of the tournament, find the probability of picking the winner in every game.

Short Answer

Expert verified

a. The number of games required to get 1 championship team when a total of 64 teams are playing is equal to 63.

b. The probability of picking the winner in every game is equal to1263.

Step by step solution

01

Given information

A basketball tournament is played between 64 teams.

02

Methods for counting

The number of possibilities in which an event can happen are counted according to the given situation.

Either the entire set of possible combinations can also be listed and counted or rules for permutation and combination would be used.

03

Compute the number of games

Number of teams is 64.

Matches will be played with two teams at a time and the successively winning teams would decide for the ultimate winner.

Step 1:

The number of matches played between 64 teams with 2 teams in each match is equal to 32.Each of the 32 matches will have 32 winners.

Step 2:

The number of matches played between the 32 winning teams with 2 teams in each match = 16

Each of the 16 matches will have 16 winners.

Step 3:

The number of matches played between the 16 winning teams with 2 teams in each match = 8

Each of the 8 matches will have 8 winners.

Step 4:

The number of matches played between the 8 winning teams with 2 teams in each match = 4

Each of the 4 matches will have 4 winners.

Step 5:

The number of matches played between the 4 winning teams with 2 teams in each match = 2

Each of the 2 matches will have 2 winners.

Step 6:

One final match will be played between the 2 winning teams to decide the winner of the tournament.

The total number of matches played is equal to:

32+16+8+4+2+1=63

Thus, the total number of games required for obtaining 1 championship team is equal to 63.

04

Compute the number of games

b.

Out of 2 teams in one match, 1 will win.

The probability of choosing the winning team in any one match is equal to 12.

The total number of matches played is 63.

The probability of choosing the winning team in all the 63 games is given as follows:

12×12×.....×12upto63times=1263=1263

Thus, the probability of choosing the winning team for all the 63 games is equal to 1263.

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Most popular questions from this chapter

Odds. In Exercises 41–44, answer the given questions that involve odds.

Finding Odds in Roulette A roulette wheel has 38 slots. One slot is 0, another is 00, and the others are numbered 1 through 36, respectively. You place a bet that the outcome is an odd number.

a. What is your probability of winning?

b. What are the actual odds against winning?

c. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make if you bet \(18 and win?

d. How much profit would you make on the \)18 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning? (Recommendation: Don’t actually try to convince any casino of this; their sense of humor is remarkably absent when it comes to things of this sort.)

Redundancy. Exercises 25 and 26 involve redundancy.

Redundancy in Hospital Generators Hospitals typically require backup generators to provide electricity in the event of a power outage. Assume that emergency backup generators fail 22% of the times when they are needed (based on data from Arshad Mansoor, senior vice president with the Electric Power Research Institute). A hospital has two backup generators so that power is available if one of them fails during a power outage.

a. Find the probability that both generators fail during a power outage.

b. Find the probability of having a working generator in the event of a power outage. Is that probability high enough for the hospital?

In Exercises 13–20, express the indicated degree of likelihood as a probability value between 0 and 1.

Death and Taxes Benjamin Franklin said that death is a certainty of life.

In Exercises 9–20, use the data in the following table, which lists drive-thru order accuracy at popular fast food chains (data from a QSR Drive-Thru Study). Assume that orders are randomly selected from those included in the table.

McDonald’s

Burger King

Wendy’s

Taco Bell

Order Accurate

329

264

249

145

OrderNotAccurate

33

54

31

13

Fast Food Drive-Thru Accuracy If two orders are selected, find the probability that they are both from Burger King.

a. Assume that the selections are made with replacement. Are the events independent?

b. Assume that the selections are made without replacement. Are the events independent?

Denomination Effect. In Exercises 13–16, use the data in the following table. In an experiment to study the effects of using four quarters or a \(1 bill, college students were given either four quarters or a \)1 bill and they could either keep the money or spend it on gum. The results are summarized in the table (based on data from “The Denomination Effect,” by Priya Raghubir and Joydeep Srivastava, Journal of Consumer Research, Vol. 36).

Purchased Gum

Kept the Money

Students Given Four Quarters

27

46

Students Given a $1 bill

12

34

Denomination Effect

a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters.

b. Find the probability of randomly selecting a student who kept the money, given that the student was given four quarters.

c. What do the preceding results suggest?

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