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The theory of bounded rationality holds thatan individual's rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.
A coin is tossed successively three times. Find the probability of getting exactly one tail or two tails?
In a bag there are a total of 60 fruits. The average of the number of apples and mangoes in the bag is equal to the number of bananas in the bag. The ra...
A box contains only three colors of balls- red, green and blue. What is the minimum number of balls that should be picked from the box to ensure that at...
A box contains 6 Brown and 8 Blue caps. There is another box which contains 8 Brown and 7 Blue caps. One cap is to drawn from either of the two boxes. ...
A bag contains 14 black and 16 white balls. One ball is drawn at random. What is the probability that the ball drawn is white?
One summer peter visits 4 villages (A, B, C and D) in a random order. Find the probability that he visits (i) A before B (ii) A before B and B before C ...
What is the probability that four A’s come consecutively in the word ‘AMALGAMATION’
A box contains 5 red, 6 green and 3 yellow balls. 2 balls are drawn at random. What is the probability that they are not of the same colour?
In a box there are 3 pink, 5 black, and 9 yellow flowers. One flower is picked up randomly. What is the probability that it is neither pink nor black? <...
If a coin is tossed 10 times then what is the probability of getting three heads?
