Suppose three players go on multiple rounds of kart race. In each round, every player has a winning probability of 1/3, independent of other rounds. Let N denote the number of rounds until player 1 has two consecutive wins.

a) Find P(N <= 10)

b) Find P(N = 10)

a) 0.3246

b) 0.0043

Step-by-step explanation:

a) To find Find P(N <= 10) = P(2)+P(3)+P(4)+P(5)+P(6)+P(7)+P(8)+P(9)+P(10)

= (1/3)^2 + (1/3)^2 x 2/3 + (1/3)^2 x (2/3)^2 + (1/3)^2x (2/3)^3 + (1/3)^2 x (2/3)^4

X (1/3)^2 x (2/3)^5 + (1/3)^2 x (2/3)^6 + (1/3)^2 x (2/3)^7 + (1/3)^2 x (2/3)^8

= 0.3246

b) Find P(N = 10) = (1/3)^2 x (2/3)^8 = 0.0043

company a

step-by-step explanation:

using the linear regression models , it is found that company a   pays about $14 more. but using the same regression (linear) company b pays about $10 more.

so company a pays more than b