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Chapter 6
36
The payouts for the Powerball lottery and their corresponding odds and probabilities of occurrence are shown below. The
the payout. Hint: Don’t forget to include the cost of the ticket and its corresponding probability.
Standard Deviation = σ
Mean = µ
39 An auditor for health maintenance services of Georgia reports 40% of policy holders 55 years or older submit a claim durin
company records.
a How many of the policy holders would you expect to have filed a claim within the last year?
n 15
p 40%
n*p 6
b What is the probability that 10 of the selected policy holders submitted a claim last year?
C denotes a combo
n = number of trials
x random variable (# of successes).
π = probability of a success on each trial
�(𝒙)= 𝒏 � 𝒙� 𝒙 (𝟏 − �)n-x
n 15
p 40%
π 10
c What is the probability that 10 or more of the selected policy holders submitted a claim last year?
π 10 9
n 15 15
p 40% 40%
Number 1 1
binom.dist 0.0338 Cumulative Probability: P(X
d What is the probability that more than 10 of the selected policyholders submitted a claim last year?
π 10
n 15
p 0.40
Number 1
Chapter 7
32 A tube of Listerine tartar control toothpaste contains 4.2 ounces. As people use the toothpaste, the amount remaining in a
uniform distribution. From this information, we can determine the following information about the amount remaining in a to
Ounces 2.1
b 4.2
4.2
a 0
Ounces 1.21
c What is the likelihood there is less than 3.0 ounces remaining in the tube?
# of ounces 3
Tube of toothpaste 4.2
71.4%
d What is the probability there is more than 1.5 ounces remaining in the tube?
# of ounces 1.5
Tube of toothpaste 4.2
64.3%
37 A recent report in USA today indicated a typical family of four spends $490 per month on food. Assume the distribution of
with a mean of $490 and a standard deviation of $90.
a What percent of the families spend more than $30 but less than $490 per month on food?
b What percent of the families spend less than $430 per month on food?
Distribution 50%
c What percent spend between $430 and $600 per month on food?
d What fraction spend between $500 and $600 per month on food?
and probabilities of occurrence are shown below. The price of a ticket is $1.00. Find the mean and standard deviation of
corresponding probability.
Probability
0.000000006844
0.000000280614
0.000001711060
0.000070145903
0.000083836351
0.000083836351
0.003424657534
0.001340482574
0.014285714286 f4
of policy holders 55 years or older submit a claim during the year. Fifteen policy holders are randomly selected for
people use the toothpaste, the amount remaining in an tube is random. Assume the amount of toothpaste follows a
lowing information about the amount remaining in a toothpaste tube without invading anyone's privacy
?
(b - a)2 (b - a)2/12 sqrt
17.64 1.47 1.2124355653
tube?
he tube?
s $490 per month on food. Assume the distribution of food expenditures for a family of four follows the normal distribution,