Exam 4: Probability

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Suppose you are playing a game of chance. If you bet $5 on a certain event, you will collect $115 (including your $5 bet)if you win. Find the odds used for determining the payoff.

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Use technology to develop a simulation of the given problem (100 trials). simulation, then estimate the probability based on its results. The probability that when 75 people are surveyed, at least five of them have the same birth date. (Ignore leap years.)

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Interpret a probability of 0.002 of an event occurring in terms of odds (one in some value, such as 1/10)and being a significant or not a significant event.

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Flip a coin twice. Create the sample space of possible outcomes

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The table below shows the soft drinks preferences of people in three age groups The table below shows the soft drinks preferences of people in three age groups. Cola Root beer Lemon-lime Under 21 years of age 40 25 20 Between 21 and 40 35 20 30 Over 40 years of age 20 30 35 If one of the 255 subjects is randomly selected, find the probability (in fractional form) that the person is over 40 and drinks cola.

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Determine whether the events are disjoint. Get a full-time day job as a teller with a bank. Get a full time day job as a cashier at a store.

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Results from a marijuana drug test study showed 143 subjects with positive test results including 24 false positive results. There were 157 negative results, including 3 false negative results. What is the probability that a randomly selected subject did not use marijuana?

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Assume that a crucial machine part has a 5% rate of failure in six months, based on company data. Compare the probability of having a single part fail during a six month period to the probability of having a second independent backup part and having both of them fail in 6 months. Describe the improved reliability gained with a backup part.

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The following table contains data from a study of two airlines which fly to Small Town, USA. If one flight is selected, find P(on time and Upstate Airlines). Number of flights which were on time Number of flights which were late Podunk Airlines 33 6 Upstate Airlines 43 5

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On an exam on probability concepts, Sue had an answer of 138\frac { 13 } { 8 } for one problem. Explain how she knew that this result was incorrect.

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Based on a recent poll, there is a 50-50 chance that a randomly selected adult has pierced ears. Express the indicated degree of likelihood as a probability value between 0 and 1.

(Multiple Choice)
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Tomorrow Freddy is playing in an important soccer game. He reasons that there are three possible outcomes (they could win, tie, or lose)so the probability of winning must be 1/3. Is this reasoning correct? Why or why not?

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The table below describes the smoking habits of a group of asthma sufferers Nonsmoker Occasional Smoker Regular Smoker Heavy Smoker Total Men 431 50 71 49 601 Women 382 48 86 39 555 Total 813 98 157 88 1156 If one of the 1156 people is randomly selected, find the probability that the person is a man or a heavy smoker.

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Fred and Ed each have a bag of candy containing a lemon drop (LD), a cherry drop(CD), and a lollipop (LP). Each takes out a piece from their own bag and eats it. What are the possible pairs of candies eaten?

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Of 1232 people who came into a blood bank to give blood, 397 people had high blood pressure. Estimate the probability that the next person who comes in to give blood will have high blood pressure.

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Express the indicated degree of likelihood as a probability value. "Your mother could not have died two years before you were born."

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If a person is randomly selected, find the probability that his or her birthday is not in May. Ignore leap years.

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If a game were "fair," the payoff on a bet would be the same as the odds for the event. In one game, the odds for winning are 1:13. If the game were "fair," what would the payoff be for a $5 bet? Of course, games in casinos are designed to make a profit for the casino investors. Supposing the casino makes the payoff at 1:11 odds, what profit does the casino make on your winning bet?

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Find the indicated probability. Find the probability that 3 randomly selected people all have the same birthday. Ignore leap years. Round to eight decimal places.

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Compare probabilities and odds. How can you convert odds to probabilities?

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