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dariusbanasik
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dariusbanasik
Can someone explain this questions to me. I dont understand how they get the 32 and the combinations?

At the end of 5 coin flips, Kate needs to have a total amount in the set {11, 12, 13, 14}
For every loss, she loses a dollar; for every win, she gains a dollar

From a total of 5 flips:

If she wins 1 flip, she loses 4 flips -> net amount 10 + 1 - 4 = $7
If she wins 2 flips, she loses 3 flips -> net amount 10 + 2 - 3 = $9

If she wins 3 flips, she loses 2 flips -> net amount 10 + 3 - 2 = $11
If she wins 4 flips, she loses 1 flip -> net amount 10 + 4 - 1 = $13

If she wins all 5 flips -> net amount 10 + 5 = $15

Clearly, she needs to win 3 or 4 times to meet the condition $10 < x < $15

To calculate the probability of 3 wins, imagine the positions of the 5 flips as XXXXX
Total outcomes = 2*2*2*2*2 = 32, as each X could be a win or loss
Total ways of winning exactly 3 times = 5C3 = 10

Therefore,
P(3 wins) = 5C3 / 2*2*2*2*2 = 10/32
P(4 wins) = 5C4 / 2*2*2*2*2 = 5/32
P(3 or 4 wins) = 10/32 + 5/32 = 15/32



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