EDA folder assignment
EDA folder assignment
Guidelines:
1. An assignment submission is considered complete only when the correct and executable code(s) is
submitted along with the documentation explaining the method and results. Failing to submit either of
those will be considered an invalid submission and will not be considered a correct submission.
2. Ensure that you submit your assignments correctly. Resubmission is not allowed.
3. Post the submission you can evaluate your work by referring to the keys provided. (will be available
only post the submission).
Make a table as shown above and provide information about the features such as its data type
and its relevance to the model building. And if not relevant, provide reasons and a description
of the feature.
ANSWER:
ANSWER:
Q3) Three Coins are tossed, find the probability that two heads and one tail are obtained.
Q4) Two Dice are rolled, find the probability that the sum is
a) Equal to 1
b) Less than or equal to 4
c) Sum is divisible by 2 and 3
What is the probability that at least one in five attempted telephone calls reaches the wrong
number? (Assume independence of attempts.)
Hint: [Using the Probability formula evaluate the probability of one call being wrong out of five
attempted calls]
(i) What is the most likely monetary outcome of the business venture?
Hint: [The outcome is most likely the expected returns of the venture]
(iii) What is the long-term average earning of business ventures of this kind? Explain.
Hint: [Here, the expected return to the venture is considered as the
required average]
(iv) What is a good measure of the risk involved in a venture of this kind? Compute
this measure.
Hint: [Risk here stems from the possible variability in the expected returns,
therefore, name the risk measure for this venture]