Homework+3 - IOE 474 Winter 08 Homework 3 Due 10/2/09 at...

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IOE 474 Winter 08 – Homework 3 Due 10/2/09 at noon 1. A professor would like to use simulation to determine the average final grade of a class. A student’s final grade is comprised of the total homework grade and one exam grade (Final Grade = Total Homework Grade + One Exam Grade). The professor allows students to drop their lowest homework grade. Therefore the total homework grade is the top 3 of the 4 homework grades. Conduct a simulation using the following probability tables to determine the average final grade for 34 students. Homework 1 Homework 2 Homework 3 Homework 4 Grade Probability Grad e Probability Grad e Probability Grad e Probability 10 0.45 10 0.30 10 0.60 10 0.37 9 0.20 9 0.29 9 0.20 9 0.31 8 0.18 8 0.22 8 0.13 8 0.12 7 0.10 7 0.15 7 0.05 7 0.11 6 0.07 6 0.04 6 0.02 6 0.09 Exam Grade Probability 50 .14 47 .21 44 .36 41 .19 38 .10 Submission Notes: Submit an excel workbook 2. Little’s Laces Company is the leading producer of footballs for the Big 10. The footballs
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Homework+3 - IOE 474 Winter 08 Homework 3 Due 10/2/09 at...

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