ma330f2009final

ma330f2009final - MA330 Fall 2009 Final Exam 09 December...

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MA330 Fall 2009 Final Exam 09 December 2009 Name: ID No: Calculators are authorized. You may use 1 standard size sheet of paper with handwritten formulas and notes. No other notes or books are allowed. Be mindful of the rules on academic integrity. When answering problems that require calculator work or using a table, make sure you indicate which distribution/table you are using, and which parameter values you are using. (i.e. “Use t-distribution table, df = 8 , tail probability 0 . 1” ought to be part of your answer for a question where you need that particular value from out Student-t table.)

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MA330 F2009 Final Exam Version A 9 December 2009 1. The local VFW runs a lottery drawing. The pay-outs and probability of winning are listed below: Prize \$ 1 \$ 10 \$ 100 Probability 0.2 0.05 0.002 What is the probability of not winning anything? . What is the expected value of a lottery ticket? . How much is a lottery ticket worth?
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This note was uploaded on 11/29/2010 for the course MATH ME 330 taught by Professor Skufca during the Fall '10 term at Clarkson University .

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ma330f2009final - MA330 Fall 2009 Final Exam 09 December...

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