Chapter 11: Problem 46
In a production of West Side Story, eight actors are considered for the male roles of Tony, Riff, and Bernardo. In how many ways can the director cast the male roles?
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Chapter 11: Problem 46
In a production of West Side Story, eight actors are considered for the male roles of Tony, Riff, and Bernardo. In how many ways can the director cast the male roles?
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The tables in Exercises 3-4 show claims and their probabilities for an insurance company. a. Calculate the expected value and describe what this means in practical terms. b. How much should the company charge as an average premium so that it breaks even on its claim costs? c. How much should the company charge to make a profit of \(\$ 50\) per policy? PROBABILITIES FOR MEDICAL INSURANCE CLAIMS $$ \begin{array}{|c|c|} \hline \begin{array}{c} \text { Amount of Claim (to the } \\ \text { nearest } \mathbf{\$ 2 0 , 0 0 0 )} \end{array} & \text { Probability } \\ \hline \$ 0 & 0.70 \\ \hline \$ 20,000 & 0.20 \\ \hline \$ 40,000 & 0.06 \\ \hline \$ 60,000 & 0.02 \\ \hline \$ 80,000 & 0.01 \\ \hline \$ 100,000 & 0.01 \\ \hline \end{array} $$
A person can order a new car with a choice of six possible colors, with or without air conditioning, with or without automatic transmission, with or without power windows, and with or without a CD player. In how many different ways can a new car be ordered with regard to these options?
Consider a political discussion group consisting of 5 Democrats, 6 Republicans, and 4 Independents. Suppose that two group members are randomly selected, in succession, to attend a political convention. Find the probability of selecting two Republicans.
In a product liability case, a company can settle out of court for a loss of \(\$ 350,000\), or go to trial, losing \(\$ 700,000\) if found guilty and nothing if found not guilty. Lawyers for the company estimate the probability of a not-guilty verdict to be \(0.8\). a. Find the expected value of the amount the company can lose by taking the case to court. b. Should the company settle out of court?
In Exercises 43-48, an ice chest contains six cans of apple juice, eight cans of grape juice, four cans of orange juice, and two cans of mango juice. Suppose that you reach into the container and randomly select three cans in succession. Find the probability of selecting three cans of apple juice.
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