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Chapter 4: Q. 81 (page 292)
In a lottery, there are prizes of prizes of , and ten prizes of . Assuming that tickets are to be issued and sold, what is a fair price to charge to break even?
The reasonable price for a single ticket must be
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Use the following information to answer the next six exercises: The Higher Education Research Institute at UCLA collected data from 203,967 incoming first-time, full-time freshmen from 270 four-year colleges and universities in the U.S. 71.3% of those students replied that, yes, they believe that same-sex couples should have the right to legal marital status. Suppose that you randomly select freshman from the study until you find one who replies 鈥測es.鈥� You are interested in the number of freshmen you must ask.
On average (渭), how many freshmen would you expect to have to ask until you found one who replies "yes?"
The average number of fish caught in an hour is eight. Of interest is the number of fish caught in 15 minutes. The time interval of interest is 15 minutes. What is the average number of fish caught in 15 minutes?
You are playing a game of chance in which four cards are drawn from a standard deck of 52 cards. You guess the suit of each card before it is drawn. The cards are replaced in the deck on each draw. You pay \(1 to play. If you guess the right suit every time, you get your money back and \)256. What is your expected profit of playing the game over the long term?
What values does X take on?
It has been estimated that only about 30% of California residents have adequate earthquake supplies. Suppose we are interested in the number of California residents we must survey until we find a resident who does not have adequate earthquake supplies.
a. In words, define the random variable X.
b. List the values that X may take on.
c. Give the distribution of X. X ~ _____(_____,_____)
d. What is the probability that we must survey just one or two residents until we find a California resident who does not have adequate earthquake supplies?
e. What is the probability that we must survey at least three California residents until we find a California resident who does not have adequate earthquake supplies?
f. How many California residents do you expect to need to survey until you find a California resident who does not have adequate earthquake supplies?
g. How many California residents do you expect to need to survey until you find a California resident who does have adequate earthquake supplies?
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