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Math 1332

Math 1332. Chapter 11.8 Review and Expected Value. From 25 people, how many random groups of 5 can you select?. From 25 people, how many groups of 5 can you select if you order them from tallest to shortest?. I have the following in a cooler: 6 Cokes, 8 Sprite, 4 Water

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Math 1332

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  1. Math 1332 Chapter 11.8 Review and Expected Value

  2. From 25 people, how many random groups of 5 can you select? From 25 people, how many groups of 5 can you select if you order them from tallest to shortest?

  3. I have the following in a cooler: 6 Cokes, 8 Sprite, 4 Water Find the probability of selecting 3 sprites in a row. Find the probability of selecting a Coke or a Sprite

  4. Expected Value – multiply each outcome by it’s probability and add the results

  5. An airline sells a $100,000 policy for $1. What is the expected value and how much can the company make on each policy it sells if there are 25 deaths per 10 million travelers.

  6. A store expects the following:Profit if there is good traffic: $20 MillionLoss if there is no traffic: $1.5 millionProbability of good traffic: .3What is the expected value?

  7. A dice game has the following rules: If you roll a 1 on a die you win $30Any other value wins nothingWhat is the expected value if the fee is $6

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