MM207_Unit_3_Project_Form 1

MM207_Unit_3_Project_Form 1 -...

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MM207 Unit 3 Instructor-Graded Project Form 1 Section 3.1: Basic Concepts of Probability and Counting 40 / 40  Excellent 1. License plates are made using 3 letters followed by 2 digits. How many different plates  can be made if repetition of letters and digits is allowed?   (8 points) 26 letters in the alphabet/10 numbers (0-9); 3 letters followed by 2 digits that would be  26*26*26*10*10= 1,757,600 possible combinations ( good job ) 2. In 2001 the stock market took some big swings up and down. One thousand investors  were asked how often they tracked their investments. The table below shows their  responses. What is the probability that an investor tracks the portfolio monthly? (7 points)    How often tracked? Response Daily 235 Weekly 278 Monthly 292 Few times a year 136 Do not track  59 1000 P= (monthly)= 292/1000= 0.292   ( good going ) Section 3.2: Conditional Probability and the Multiplication Rule
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MM207_Unit_3_Project_Form 1 -...

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