ame Alnswer Key Stats; See 6. Introduction to Random Variables an roby Dstibaons ‘Answer all questionsusing compet sentences. 1. ich of the folowing re continuous variables, and which re iserete? ‘2 Number of af fatallies pr year nthe state of Fra Discrete b. istance golf tall raves after being ht witha diver gl ub) Continuous {&Trmerequred to drive from home to callegeon any sven day Continuous {4 Number of shipsin Peat Harbor on ay given day sevete & Yourwopht etre breakfast each morsing Continuous 2. Consider each tribute. Determine ti vai probaiydstbuton ono, and expan your ae Pa) | 025060015 WG HIS ZL yes x{o a1 2 Pq) | 025069 020 2254642 >E NO 3 Consider the probity istrbtion shown n Problem (a Compute the expected valu andthe standard deviation ofthe aero, ays ExP) + 6(0.25) +1(-6)s 268 [oc = 0c] — expect vate p= (Emap re =Vhavlade (+ OOD =o eee4 Fora funraser, 1000 ral ticketsaresld andthe wimners chosen at andor. Theres onl one rite, S500 cash. You buy oe cet. 2 Whats the probability you wil win the prize of $500? Piwin)= %ooe = 0.001 = 0.1% 1b. Your epected earings can be found by multipin the vale ofthe prize by the prbabity you wil win the pie, What ae your expected eacings? A= 6-001 (508) = 40-50 < expected earnings & atic costs $2, whats te ference between your Yeasts” and expected eoigs? How much are youetectvly contibuting tothe fundraiser? $2-0.50= 4150 you are contributing $1.5 to the fundrasee 5 Wecanuse the random-number tate to smut outcomes fram agen dete pababilty Aseibution. Jose pay bastetball and has probably 07 of making free-throw shot. etx be the ‘andor variable that counts the numberof sucesfl shots out of 10 atempts Conse the its 0 ‘rough 9 ofthe random number table Since ee ha 3 70% chance of making ashe, sin the hs (though 6to“iaking a basket rom thee throw Ine” andthe gts 7teough 90 “misting the shot 12. 070% ofthe posible sigs 0 through 9 represent “making a basket?” Yes Tel the 10 digits represent “making 3 basket.” Start atline2,cluma tof the andor-number able (Table inthe Append of your textbook Going cross the row, determine the ess of 10 “ial” How many fre tow Shas ae unease gan Te Ts M= made basket FRMmm FR EAM F= musced basket comm [ss ASF Your fend decides to assign the dgt O through 2 to “mising the shot andthe dicts 3 ‘through 9to "making the baskets this sipnment vali? Explain. Using tis asgnment, repeat par) ; . Yes, Taf the 10 digits represent “omaking a basket w= made basket 19445767355 F = pissed basket vanmae oa cee [te successful Fee = 3 ‘hort{6 Wihatisthe ag dstrbuion of prometion sensitive shoppers? A supermarie super shapers defined as shoppe for wham at east 70% of theltems purchased were onsale or purchased with 2 coupe. The {owing 2b ebasecon formation ake om emai the Unseo Stores (Food MarKEtng nti, ‘Washington, D0 igo] oo For the 62-and-over ag group, we the midpoint 67 yas 3. Using the age ions xan the percentage of sper shoppers, Go we have val probably tribution? Bain yi, ThA WW + 14% + 4% 11% = 100% Uses stgramto graph the probably dsrbutlon frm ara. Age of Super Sheppees Peecent cage, midpoint € conputette oped age tsp shoppe of = 0183) 4.4 (34) #24 (45) (56) 1-11) = 2s 4 conte sonar deitn sr gs spr shoppers = [1158 er) + casey e oy%(aa)s (any tnd (ea) = Veit = 12317. USA Todoy reported that apposimatly 25% of al state prizan inmates release on parle became repeat ofendes while on parce Suppose the parole oars exasning five prisoners up fr parole. et = number of prisoners out of fv on parce who become repeat offender * 8° Tae Tanr ass assets —aeet Se 2 nde probaby that one or mare fe parle be repeat fede Now dest number elt tothe probabiy hat none oe paces wile repeat fends? Poxet) 2 1 PO bind the probity that two or more ofthe five paroles wll be repeat fenders. P(xe2) = P(2) + P(8)1 PC4) + PIS) = 0.264 + 0.086 + 0,015 + 0.001 Find the proba that four or mare ofthe ive parolees willbe repent ofenders. Plezay= PCDPCS) 0,013 40.001 eae] 4 Compute the expected numberof epet offenders ou of he. af= 00259) + 102%) 120.264) + 3(0.088) ) 4-9(0.001) 14 (00 «Compute the standard deviation ofthe number of repeat offenders tof Fue. © =f CuI)" (0280 + (-oass¥(o.ane)e Come (one) VE CMM .or) + Gantt (o.e'8) + (3:24) (0.00) a iaaa8. Jimisa 60 year-old malen reasonably good health. He wants to takeout $50,000 term thats, straight death bone) He surance pole uti hes 5. The pale wil expire on his 5th birthday. The probebity of death ine glen years spronded by the Vital tats Seton ofthe Staten Abstuck of the Unted States (116th Eaton), =m [aa a ‘estat hs ape) [ COUGH 001299, C015 OOS OOIGTT sis aplyrg 0 Big Rec Isurance Company forher term insurance poly. ‘3 Whats the protabity tam wl in inhis 6th ear? Using this probability and the $50,000, death benef, whats the expected east to ig Rock Insurance? [occur Pepetiy)/ Tin wit die in his GO yeue expectel cost ! 0.01s1 «50000 $505.56] Repent part aor years 61,62, 63, and 6A, What wou be the total expected cost og Rock Insurance over he years 60 though 647 GI: O01292 Probability expected cost! $G46.co TOTAL, 62+ 6.0136 Prababilily expected cost! F6E.co $2477.50 3: 0.1503 Prebailily expected cost! 4151.50 G4: 0.0161 Probability expected cast ! $806.50 178i Rock insurance wants to make 3 profi of $700 above the expectd tata cast pai ut or ns death, ow much shoud charge fr the pi? gars +66 =ftna.so] {4 Hfaignock insurance Company cares $5000 forthe pole, how much oft does the company expect rake? S000 - 3497.50 = [1862.50]