Question

In: Statistics and Probability

If you win $100 for rolling a 12, win $10 for rolling a number less than...

If you win $100 for rolling a 12, win $10 for rolling a number less than 6, and lose $4 for rolling anything else, what are your expected winnings per play?

a. $1.94         b. $4.72         c. $2.78         d. -$.68

A committee of 7 is be selected from a group of 22 people. How many such committees are possible?

a. 22,254      b. 319,770      c, 170,544     d. 101,458

A woman plans on having four children. What is the probability she will have at most 2 boys?

a. 11/16         b. 1/2         c. 9/16        d. 6/16

Thirty-nine percent of the houses in a certain neighborhood read the New Yorker, 43 percent read the Philadelphia Inquirer, and 9 percent read both. What percent read at least one of these publications?

a. 64%        b. 79%         c. 82%            d. 73%

What is the probability of getting at least one 10 in twenty rolls of a pair of dice?

a. (33/36)20         b. 1-(3/36)20        c. 1- (33/36)20       d. 1-20(33/36)          

Solutions

Expert Solution

A.

X 100 10 -4
P(X) 1/36 10/36 25/36

The probability of obtaining a sum of 12 is 1/36.

The probability of obtaining a sum of less than 6 is 10/36.

The probability of obtaining anything else is 25/36.

The expected winnings per play is $ 2.78.

E(X) = 100*(1/36)+ 10*(10/36)- 4*(25/36) = 2.777778 ~ $ 2.78

C option is the correct answer.

B.

A committee of 7 is to be selected from a group of 22 people.

It can be done in

C option is the correct answer.

C.

P(read the New Yorker) = 0.39

P(read the Philadelphia Inquirer) = 0.43

P( read both the publications) = 0.09

P(read at least these publications) =??

Using the formula, P(AUB) = P(A) + P(B) - P(A B)

P(read at least these publications)

= P(read the New Yorker) + P(read the Philadelphia Inquirer) - P( read both the publications)

= 0.39 + 0.43 - 0.09 = 0.73

73% read at least these publications.

D option is the correct answer.

D.

The probability of obtaining a 10 is 3/36.

Now out of 20 rolls, we need to find the probability of getting at least one 10 in twenty rolls of a pair of dice.

P(X 1) = 1 - P(X<1) = 1 - P(X = 0) = 1 - P(None) =

= 0.8245195

C option is the correct answer.


Related Solutions

Calculate the expected value of rolling two die if you win $100 for each 1 tossed...
Calculate the expected value of rolling two die if you win $100 for each 1 tossed and $50 for each 5 tossed.
12. What is the probablity of obtaining a number higher than 4 when rolling a dice?...
12. What is the probablity of obtaining a number higher than 4 when rolling a dice? 13. a. What is the probability of obtaining a total of 10 or 12 when launching 2 dice at the same time (adding total of both dices)? b. ¿Does it change if you add a 3rd dice? How? 14) What would be the probability of obtaining a total of 2 if you roll 3 dice at the same time?
Write a C++ program that will read in the number of nodes (less than 10) and...
Write a C++ program that will read in the number of nodes (less than 10) and a adjacency relation representing a graph. The program will create an adjacency matrix from the adjacency relation. The program will then print the following items: 1. Print the adjacency matrix 2. Determine if there are any isolated nodes and print them 3. Determine if an Euler path exists Sample run output Please input the number of nodes: 6 Please input the adjacency relation: {(1,2),(1,5),(2,1),(2,3),(3,2),(3,4),(4,3),(4,5),(5,1),(5,4)}...
Write a C++ program that will read in the number of nodes (less than 10) and...
Write a C++ program that will read in the number of nodes (less than 10) and a adjacency relation representing a graph. The program will create an adjacency matrix from the adjacency relation. The program will then print the following items: 1. Print the adjacency matrix 2. Determine if there are any isolated nodes and print them 3. Determine if an Euler path exists Sample run (to make program output more clear, I have put it in boldface): Please input...
What is the approximate probability that you win more than 100 times if you purchase 900...
What is the approximate probability that you win more than 100 times if you purchase 900 tickets? Statistics
Consider the experiment of rolling two dice. You win if you roll a sum that is...
Consider the experiment of rolling two dice. You win if you roll a sum that is at least 7 and at most 12. Find the probability of a win.
Consider all positive integers less than 100. Find the number of integers divisible by 3 or...
Consider all positive integers less than 100. Find the number of integers divisible by 3 or 5? Consider strings formed from the 26 English letters. How many strings are there of length 5? How many ways are there to arrange the letters `a',`b', `c', `d', and `e' such that `a' is not immediately followed by`e' (no repeats since it is an arrangement)?
You are rolling a fair dice 100 times. Let N be the number of times out...
You are rolling a fair dice 100 times. Let N be the number of times out of 100, when you roll an odd number. What is the most suitable distribution for N? Type one of the following (Poisson, binomial, normal,geometric)  . Determine the probability that the number of times N out of 100, when you roll an odd number is 60 or more P ( N ≥ 60 ) =  (use R and round to the third decimal place). Which distribution is...
10.   (12 marks) Efficient Market Hypothesis a.   Describe in 100 words or less what it means...
10.   Efficient Market Hypothesis a.   Describe in 100 words or less what it means when we say the capital market is efficient and outline its implications.                   b.   If the capital market is efficient, does it mean you can expect to do well as the market by randomly picking stocks to form a portfolio? Explain why or why not.                                       
You wish to test the claim that the average IQ score is less than 100 at...
You wish to test the claim that the average IQ score is less than 100 at the .05 significance level. You determine the hypotheses are: Ho: μ=100 H1:μ<100 You take a simple random sample of 38 individuals and find the mean IQ score is 95.8, with a standard deviation of 15.2. Let's consider testing this hypothesis two ways: once with assuming the population standard deviation is not known and once with assuming that it is known. Round to three decimal...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT