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Homework Help: How do I approach these problems? Probability

  1. Feb 12, 2010 #1
    I have the following two problems and I don't know how to approach them.

    We talked about payoffs, Simple and Compound Growth,Conditional Probability, Law of total probability, Baye's Theorem. Simple math is obviously not enough, I need to prove it using those topics we covered. I'm not quite sure how to approach those problems. Any input?
    Thank you
     
  2. jcsd
  3. Feb 12, 2010 #2

    EnumaElish

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    Is this homework?
     
  4. Feb 12, 2010 #3

    Redbelly98

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    Moderator's note: thread moved to homework forums.
     
  5. Feb 12, 2010 #4
    No......
     
  6. Feb 12, 2010 #5

    Redbelly98

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    Please allow me to clarify something from our forum guidelines:

    Since this is a textbook-style exercise, I moved it to the homework forums. Sorry if this created any confusion.
     
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