Suppose there is a crew race with following people. Below the name is the average time they

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose there is a crew race with following people. Below the name is the average time they have for that type of race. There is also a standard deviation. Show how to run a race using a monte carlo. Give me the probabilities of winning the race for each. Give me the probabilities for last place for each.What is the probability that Paul is first and Frank last?

Boat	1	2	3	4	5	6	7	8
	Steph	Caroline	AB	Deb	Paul	Angie	SlowPoke	Frank
Average	390	395	400	405	420	420	450	490
St Dev	15	15	20	5	70	20	25	30

Posted Date: May 18, 2024 12:19 PM

See More Questions

In Exercises 1126, determine whether each equation defines y as a function of x. x + y = 25
Assume the same information as BEA-13 except that the discount rate is 12% instead of 10%. In this case, how much can Hanna expect to receive from the sale of these bonds? Data From BEA-13 Hanna...
On a vertical photograph of flat terrain, the scaled distance between two points is ab. Find the average photographic scale along ab if the measured length between the same line is AB on a map...
What is Mifid and what were its aims?
Find the present value of the streams of cash flows shown in the following table. Assume that the firms opportunity cost is12%. Year Cash flow Year Cash flow Year Cash flow $2,000 3,000 4,000 6,000...
Explain the inventory control of dairy products by Spar (South Africa) and recommend a suitable inventory control system for the selected food product category, in this case dairy products.
You will be assigned two of the seven key components of the circulation in macro economics as shown above. Workforce Market Household Government Corporation Financial Market Foreign Commodity Market...
One of Heartland Fabrication's foundational strategies is to hold managers accountable for results and reward those who meet goals. The incentive program is evaluated annually to ensure that...
Ka Louie Company manufactures virgin coconut oil which goes through two processing departments. Data for May 2014 are as follows: MIXING DEPARTMENT Liters transferred to Bottling Department = 75,000...
A common facility of Nestar Inc., has decided to use the Shapley value method to allocate its costs of $120,000 to the two divisions A and B that use its services.The stand-alone user cost for A is...
Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures, in combination with the underlying asset....
Custom Backpacks started and finished job number D46, a batch of 100 backpacks, during July. The job required $2850 of direct material and 25 hours of direct labour at $25 per hour. The predetermined...
Glorious Florists is a floral supply company with offices and boutiques in Ontario and Qubec. The organization started operations in 1992 and currently has an approximate annual payroll of...
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
Classify each of the following costs relative to the cost object customer for a new car dealer: Salesperson wages Dealership manager salary. Depreciation on showroom furniture. Cost of automobiles...
Complete the following T-accounts: Materials Inventory ? 20,000 19,900 300 Wages Payable 15,000 Work-in-Process Inventory Finished Goods Inventory 2,000 ? 5,000 ? ? ? ? ? 3,000 32,000 5,000...
Benton Engineering Services Company incurred the following during 2019: Calculate prime cost and conversion cost for Benton Engineering Services Company during 2019. Direct labor.. Overhead Selling...

Suppose there is a crew race with following people. Below the name is the average time they

Question:

Expert Answer:

Students also viewed these mathematics questions