The horse may be cold but there's another way to beat it
The probability of getting a 6 on the first roll is:
\frac{1}{6}
The probability of getting a 6 on the second roll given that we didn't get a 6 on the first is:
\frac{5}{6}\cdot\frac{1}{6}
The probability of getting a 6 on the...
Let's see:
Total number of combinations is 6*6*6=216.
Number of combinations with exactly one 6 is 25*3=75.
Number of combinations with exactly two 6's is 5*3=15.
Number of combinations with exactly three 6's is one.
Thus the total number of combinations with at least one 6 is...
The manufacturer wants to maximize profit thus he wants to maximize revenue.
What you need to do is find the number of jackets p that maximizes revenue. The first and second derivatives of R(p) help you find that value. Once you know the number of jackets that maximizes revenue then you can...