A telemarketer is planning to setup a phone bank to bilk widows with a Ponzi sch

Question

A telemarketer is planning to setup a phone bank to bilk widows with a Ponzi scheme. His past experience (prior to his most recent incarceration) suggests that each phone will be in use half of the time. For a given phone at a given time, let 0 indicate that the phone is available and let 1 indicate that a caller is on the line. Suppose that the telemarketer's "bank" is compromised of 4 telephones. Write out the outcomes in the sample space. What outcomes would make up the event that exactly two phones are being used? Suppose the telemarketer had k phones. How many outcomes would allow for the possibility that at most more call could be received? The following problems are related to probability functions.

Explanation / Answer

a. Sample space = { 0000, 0001, 0011, 0111, 1111, 1110,1100,1000, 1010, 0101)

b. 4 outcomes out of the total 10 outcomes.

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