General Instructions (Please Read Carefully)
Dear freelancer.
The aim of the project is to create probability practice material covering various
topics. The problems are provided to you, and you will be required to add
detailed explanations.
The total scope of the work is 26 problems, and this document provides two
samples of the style and level of difficulty.
Please note that problem data and variables will change in the future, so please
mark in color where the original numbers were plugged into.
I am available to answer any problems you may have.
Shlomik
Samples
Problem 1
How many unique arrangements are there of the letters in the word MISSISSIPPI?
Answer and Explanation
Answer and Explanation
Problem 2
Five football teams compete in a one-month tournament. The local bookie offers
various betting options:
A. Bet $10 and guess the exact order of all five teams.
B. Bet $20 and guess the exact order of the top four teams.
C. Bet $30 and guess the exact order of the top three teams.
D. Bet $60 and guess the exact order of the top two teams.
Your mother, however, offers you $10 if you refrain from betting and do your
homework instead.
Assuming that all of the bookie’s bets earn you $1000 if you win, which offer has
the best ROI?
Answer and Explanation
Answer and Explanation