Ask Statistics and Probability Expert

1. There are two envelopes. The first envelope contains a $1 bill and a $10 bill. The second envelope contains a $5 bill and a $50 bill.

From the first envelope a bill is randomly chosen, and from the second envelope, a bill is randomly chosen, and the outcome is recorded. [For instance, the outcome (1, 5) means $1 bill from the first envelope and $5 bill from the second envelope.]

(a) List all of the outcomes in the sample space.

(b) Let A be the event "the sum of the bill values is an even number of dollars."

What outcomes belong to event A? (Just list them).

What is the probability of event A? ______

(c) Let B be the event "the sum of the bill values is greater than 50 dollars."

What outcomes belong to event B? (Just list them).

What is the probability of event B? ______

(d) Determine the probability P(A υ B), where A and B are the events described above. Show work/explanation.

2. A telemarketing executive has determined that for a particular product, 25% of the people contacted will purchase the product. If 10 people are contacted, what is the probability that at most 1 will buy the product? Show work/explanation.

3. A collection of 11 greeting cards consists of 7 birthday cards and 4 thank-you cards. Four of the cards are randomly selected for purchase.

What is the probability that the 4 purchased cards consist of 2 birthday cards and 2 thank-you cards? Show work/explanation.

4. For a certain game of chance, a player loses $10 with a probability of 0.30, breaks even with probability 0.10, gains $3 with probability 0.20, gains $4 with probability 0.25, and gains $6 with probability 0.15. This information is summarized in the table below (extra space provided for computations.)

Payoff  Table

xi

-$10

$0

$3

$4

$6

pi

0.30

0.10

0.20

0.25

0.15

(a) A player plays this game of chance one time. What is the probability that the player will win some money? Show work/explanation.

(b) If the player plays the game many times, what is the player's expectation? That is, what is the expected value of the probability distribution?

5. Medicines to relieve headache pain include Drug X and Drug Y. A study was carried out, tracking 100 patients suffering from a particular kind of headache, migraine headaches. Each patient was treated for two migraine headaches. For one migraine headache, Drug X was administered, and for the other, Drug Y was administered. Given a randomly selected patient, the study found that Drug X relieved a migraine headache for 57 of the patients, Drug Y relieved a migraine headache for 50 patients, and Drugs X and Y both relieved the migraine headaches for 24 patients.

(a) Let X = "Drug X relieved migraine" and Y = "Drug Y relieved migraine". Complete the following Venn diagram, filling in the appropriate number of patients in each of the regions.

2339_Venn diagram.png

(b) Let event X = "Drug X relieved migraine" and event Y = "Drug Y relieved migraine". Fill in the associated probability table with the appropriate probabilities (No work/explanation required)

 

Y

Y¢

Totals

X

 

 

 

X¢

 

 

 

Totals

 

 

 

(c) Given a randomly selected patient, state the probability that Drug X or Drug Y relieved a migraine headache.

(d) Given a randomly selected patient, state the probability that Drug Y did not relieve the migraine headache.

(e) Given a randomly selected patient, state the probability that Drug Y relieved a migraine headache but Drug X did not.

(f) Given a randomly selected patient, state the probability that neither Drug X nor Drug Y relieved a migraine headache.

6. The table below gives the distribution of blood types by sex in a group of 600 individuals.

Blood Type

Male

Female

Total

O

 

100

208

308

A

 

34

142

176

B

 

20

72

92

AB

 

6

18

24

Total

 

160

440

600

A person is selected at random from the group.

Showing your work, what is the probability that the person:

(a) is female?

(b) has blood type A?

(c) is a female having blood type A?

(d) is a female or has blood type A?

(e) is female, given that the person's blood type is A?

(f) has blood type A, given that the person is female?

Consider the events F = "person is female" and A = "person has blood type A".

(g) Are the events F and A independent? Show work/explain carefully.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91674387
  • Price:- $50

Priced at Now at $50, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Question 1 many high school students take the ap tests in

Question 1. Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year,of the 211,693 students who too ...

Basic statisticsactivity 1define the following terms1

BASIC STATISTICS Activity 1 Define the following terms: 1. Statistics 2. Descriptive Statistics 3. Inferential Statistics 4. Population 5. Sample 6. Quantitative Data 7. Discrete Variable 8. Continuous Variable 9. Qualit ...

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Question 1 assume you have noted the following prices for

Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

Sppose a and b are collectively exhaustive in addition pa

Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...

The time to complete 1 construction project for company a

The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As