Question: In week 3 lecture and tutorial, we learned about Expected Value, an essential tool in data analysis and decision-making. Assuming all matches are independent (a).If
In week 3 lecture and tutorial, we learned about "Expected Value," an essential tool in data analysis and decision-making. Assuming all matches are independent (a).If Clever Bet has a 42% chance of accurately predicting each match, how many matches are needed to get one correct prediction? Additionally, how many matches are required to achieve at least 6 correct predictions? Please show your working process. (b).If Clever Bet has a 55% chance of accurately predicting each match, how many matches are needed to get one correct prediction? Additionally, how many matches are required to achieve at least 6 correct predictions? Please show your working process
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