Question: 2. You have made a Bitcoin mining computer, it can mine 0.0209 Bitcoin in a week, assuming the computer runs 24/7 for the entire year




2. You have made a Bitcoin mining computer, it can mine 0.0209 Bitcoin in a week, assuming the computer runs 24/7 for the entire year and that there are 52 weeks in a year. Let B represent the success of finding a Bitcoin. a ) Write out the formula for the probability function of the random variable B. b ) Find the probability that 0 Bitcoins are found. c ) Find the probability that 1 Bitcoin is found.d ) Find the probability that 2 Bitcoins are found. e ) Find the probability that 3 Bitcoins are found. f ) What is the probability that the miner will find 4 or more Bitcoins
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
