document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=455178>Question 455178</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. <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, but less than $30\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #312525 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=312525\">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. <BR>\n" );
document.write( "if the flip of the coin for the particular coworker results in head, you will have to pay them $1. <BR>\n" );
document.write( "If it results in a tail, neither party has to pay anything.<BR>\n" );
document.write( "------------------ <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, but less than $30 <BR>\n" );
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document.write( "Binomial problem with n = 50 and p = 1/2<BR>\n" );
document.write( "P(19<= x <=30) = binomcdf(50,0.5,30)-binomcdf(50,0.5,18) <BR>\n" );
document.write( "= 0.9081<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "==============<BR>\n" );
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