Assignment2 63182578f1fdc
Assignment2 63182578f1fdc
Assignment2 63182578f1fdc
Total 20 points
1. (5 points) You have been given the choice of receiving $500 in cash or receiving a gold coin
that has a face value of $100. However, the actual value of the gold coin depends on its gold
content. You are told that the coin has a 40% probability of being worth $400, a 30% probability
of being worth $900, and a 30% probability of being worth its face value. Basing your decision
on expected value, should you choose the coin?
เ อ เ อก เห ยญ า คาดหมาย เ า บ ECX ) =
⑥11 11 00) + (0-3) (900)
t ( 0.3 ) (100 ) 460
=
(a) What is the probability that in a random sample of 10 condo residents 3 or fewer have no
sunscreen? (3 points) pc ✗ ≤ 3) 0.7759* =
(b) What is the expected number of residents who do not use sunscreen in a random sample of
100? (2 points) 25 *
3. Cars arriving for gasoline at a particular gas station follow a Poisson distribution with a mean
of 5 per hour.
(a) Determine the probability that over the next hour only one car will arrive. (2 points) P (1) =
= 0.031 *
(b) Compute the probability that in the next 3 hours more than 20 cars will arrive (2 points) Pl ✗ 720 ) = 1- PC ✗ ≤ 20 )
= 1-0.917
= 0.083 ☒
(c) What proportion of the area under the normal curve lies to the right of 77.5 mm? (2 points) 1- 0.9 ๖ 92-0.0101
a. 01 %
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