The writer is very fast, professional and responded to the review request fast also. Thank you.
Competency
This competency will allow you to demonstrate your ability and skill in applying counting principles and analyzing binomial distributions.
Instructions
You have just been hired by G & B Consulting and given your first assignment. A local independently wealthy citizen who enjoys gambling and baseball, but not math, has asked you to help him determine the likelihood of the Boston baseball team winning the upcoming playoff series against Cleveland’s baseball team. He will be traveling to Las Vegas shortly and is looking forward to placing some bets on the series.
During the regular season, the two teams played 7 times, and Boston won 5 of the games. For the playoffs, the first team to win 4 games wins the series. Use this information to determine the probability of a variety of outcomes.
Part 1: Your client wants to place a series of bets based on different ways Boston may end up winning the series and asks you to determine the following:
Part 2: Working in parallel, your coworker came up with the following results:
The probability of Boston winning in exactly 5 games is approximately 37.2%. Before you return to the client with your results you need to make sure that you are in agreement and can justify to all parties the validity of your work. Compose an email to your coworker with your conclusion about his work.
Part 3: Prepare a summary report for your client with the results you found in part 1. However, you also wish to caution your client that your work is purely mathematical, and there are and other factors can affect the outcome of these games. Identify at least two other factors that could influence the outcome and explain them to the client. Identify one other factor that specifically addresses why using a binomial distribution may not be appropriate here.
In a single document, compile all of your work from Parts 1, 2, and 3 for submission. Be sure to include all relevant work and clearly label each part.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more