Chapter 6: Q. 6.6 (page 435)
Orange M&M鈥橲
a. Find and interpret the expected value of .
b. Find and interpret the standard deviation of .
Short Answer
- The required Expected value of candies.
- The required Standard deviation of X, candies
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Chapter 6: Q. 6.6 (page 435)
Orange M&M鈥橲
a. Find and interpret the expected value of .
b. Find and interpret the standard deviation of .
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Roulette Marti decides to keep placing a 1$ bet on number 15 in consecutive spins of a roulette wheel until she wins. On any spin, there's a 1-in-38 chance that the ball will land in the 15 slot.
a. How many spins do you expect it to take for Marti to win?
b. Would you be surprised if Marti won in 3 or fewer spins? Compute an appropriate probability to support your answer.
Skee Ball Refer to Exercise 4. Make a histogram of the probability distribution. Describe its shape
Fire insurance Suppose a homeowner spends \(300 for a home insurance policy that will pay out \)200,000 if the home is destroyed by fire in a given year. Let P = the profit made by the company on a single policy. From previous data, the probability that a home in this area will be destroyed by fire is 0.0002.
(a) Make a table that shows the probability distribution of P.
(b) Calculate the expected value of P. Explain what this result means for the insurance company.
(c) Calculate the standard deviation of P. Explain what this result means for the insurance company.
Get on the boat! A small ferry runs every half hour from one side of a large river to the other. The probability distribution for the random variable Y = money collected (in dollars) on a randomly selected ferry trip is shown here.

Part (a). Find . Interpret this result.
Part (b). Express the event 鈥渁t least $20 is collected鈥 in terms of Y. What is the probability of this event?
Swim team Hanover High School has the best women's swimming team in the region. The meter freestyle relay team is undefeated this year. In the -meter freestyle relay, each swimmer swims meters. The times, in seconds, for the four swimmers this season are approximately Normally distributed with means and standard deviations as shown. Assuming that the swimmer's individual times are independent, find the probability that the total team time in the meter freestyle relay is less than seconds.follow the four step process.
| Swimmer | Mean | Std.dev |
| Wendy | 55.2 | 2.8 |
| Jill | 58.0 | 3.0 |
| Carmen | 56.3 | 2.6 |
| Latrice | 54.7 | 2.7 |
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