Chapter 5 topics (Some chapter 4)
Show work on a separate sheet of paper and submit your answer in hand written form as in the video lectures.
1. For the probability experiment: Roll a pair of dice and record the PRODUCT of the values on the dice NOT the sum.
A. Determine the sample space. (Research the product of 2 numbers if needed.)
B. Create the corresponding discrete probability distribution table.
2. Grab Bags A convenience store has made up 20 grab bag gifts and is offering them for $2.00 a bag. Ten bags contain merchandise worth $1.00. Six bags contain merchandise worth $2.00, and four bags contain merchandise worth $3.00. Suppose you purchase one bag. What is your expected gain or loss? (Use Expected Value)
3. Job Bids A landscape contractor bids on jobs where he can make $3000 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown.
Number of Jobs | Probability
1 | 0.2
2 | 0.3
3 | 0.4
4 | 0.1