The Dallas Mavericks and the Golden State Warriors are two teams in the National Basketball Association. Dallas

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The Dallas Mavericks and the Golden State Warriors are two teams in the National Basketball Association. Dallas and Golden State will play multiple times over the course of an NBA season. Assume that the Dallas Mavericks have a 25% probability of winning each game against the Golden State Warriors.
a. Construct a simulation model that uses the negative binomial distribution to simulate the number of games Dallas would lose before winning four games against the Golden State Warriors.
b. Now suppose that the Dallas Mavericks face the Golden State Warriors in a best-of seven playoff series in which the first team to win four games out of seven wins the series. Using the simulation model from part (a), estimate that probability that the Dallas Mavericks would win a best-of-seven series against the Golden State Warriors.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Essentials Of Business Analytics

ISBN: 9781337406420

3rd Edition

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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