Question
In a best-of-two chess match between Player X and Player
Y, the probability that Player X wins a game is (5/9), and the probability that Player Y loses a game is (6/9). What is the probability that the match will result in a tie, meaning both players win one game each?Solution
ATQ, The match will end in a tie if both players win one game each. This can happen in two ways: Player X wins the first game, and Player Y wins the second game. Player Y wins the first game, and Player X wins the second game. Required probability:
An oil exploration company intends to drill an exploratory well in each of two geologically unrelated regions A and B. If the probability of f...
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
Based on the IS curve and LM curve you have derived in Q36 and Q37, what is the equilibrium interest rate?
Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
Which of the following are likely to reduce investment expenditure?
What is the investment multiplier when the marginal propensity to consume is 0.60 and the marginal propensity to import is 0.20
What is the terms of trade formula?
In the classical linear regression model (CLRM), one of the key assumptions is that the error term has:
The primary deficit in a government budget will be zero, when _______
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...