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May 03, 2024, 08:11:48 am

Author Topic: probability  (Read 353 times)  Share 

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scatteam_2

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probability
« on: May 19, 2011, 01:48:47 am »
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draw two tickets (numbered 1,2,....x) from a hat with replacement
what is the probability the first is less than the second?

TrueTears

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Re: probability
« Reply #1 on: May 19, 2011, 04:59:46 am »
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Ignoring the trivial case where the first number you pick is x.

Then we have y(y-x) ways of picking tickets satisfying the condition for 1=<y<=x

theres a total ways of picking 2 tickets

so
PhD @ MIT (Economics).

Interested in asset pricing, econometrics, and social choice theory.