Problem set-2 | Mathematics homework help
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IHP 525 Module Three Problem Set
1. What is the probability of being born on:
a) February 28?
b) February 29?
c) February 28 or February 29?
2. A patient newly diagnosed with a serious ailment is told he has a 60% probability of surviving 5 or more years. Let us assume this statement is accurate. Explain the meaning of this statement to someone with no statistical background in terms he or she will understand.
3. A lottery offers a grand prize of $10 million. The probability of winning this grand prize is 1 in 55 million (about 1.8×10-8). There are no other prizes, so the probability of winning nothing = 1 – (1.8×10-8) = 0.999999982. The probability model is:
|
Winnings (X) |
0 |
$10 x 106 |
|
P(X = xi) |
0.999999982 |
1.8 x 10-8 |
a) What is the expected value of a lottery ticket?
b) Fifty-five million lottery tickets will be sold. How much does the proprietor of the lottery need to charge per ticket to make a profit?
4. Suppose a population has 26 members identified with the letters A through Z.
a) You select one individual at random from this population. What is the probability of selecting individual A?
b) Assume person A gets selected on an initial draw, you replace person A into the sampling frame, and then take a second random draw. What is the probability of drawing person A on the second draw?
c) Assume person A gets selected on the initial draw and you sample again without replacement. What is the probability of drawing person A on the second draw?
5. Let A represent cat ownership and B represent dog ownership. Suppose 35% of households in a population own cats, 30% own dogs, and 15% own both a cat and a dog. Suppose you know that a household owns a cat. What is the probability that it also owns a dog?
6. What is the complement of an event?
