document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=455044>Question 455044</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You and your 50 coworkers decide to play a game that consists of flipping a coin once for each coworker. if the flip of the coin for the particular coworker results in head, you will have to pay them $1. If it results in a tail, neither party has to pay anything. \r<BR>\n" );
document.write( "\n" );
document.write( "Assume that the coin you are using is a fair coin (i.e. the probability of getting a head or a tail is equal to 0.5)\r<BR>\n" );
document.write( "\n" );
document.write( "the probability that you will not have to pay more than $18 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #312416 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=312416\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You and your 50 coworkers decide to play a game that consists of flipping a coin once for each coworker. if the flip of the coin for the particular coworker results in head, you will have to pay them $1. If it results in a tail, neither party has to pay anything. <BR>\n" );
document.write( "Assume that the coin you are using is a fair coin (i.e. the probability of getting a head or a tail is equal to 0.5) <BR>\n" );
document.write( "the probability that you will not have to pay more than $18<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "Binomial problem with n = 49 and p = 1/2<BR>\n" );
document.write( "----<BR>\n" );
document.write( "P(0<= x <=18) = binomcdf(49,0.5,18) = 0.0427<BR>\n" );
document.write( "=====================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );