ps5-answerkey - Answer Key to Problem Set 5 Fall 2005 Econ...

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Answer Key to Problem Set 5 Fall 2005 Econ 3818-300 1 Answer Key to Problem Set 5 a. Schedule: Assigned Tuesday, 4 October. Due Tuesday, 11 October in class. b. Problems: 6.18, 6.20, 6.30, 7.2, 7.4, and 7.6 in "Statistics for Economics: An Intuitive Approach", by Alan S. Caniglia.
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Answer Key to Problem Set 5 Fall 2005 Econ 3818-300 2 (6-30). (a) You need to pick out five numbers. Since there are only three lottery numbers, the probability of picking out a lottery number for the first number is 3 out of 100, 100 3 . The probability of picking out a lottery number for the second number is 2 out of 99. Since the number cannot be repeated, after the first picking, only two lottery numbers and 99 numbers are left. The probability of picking out a lottery number for the third number is 1 out of 98. When you pick the fourth number, there is no lottery number left, so whatever you pick you can already got the three lottery numbers and you win it already. You can pick 97 out of 97, which means the probability for the
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This note was uploaded on 03/18/2012 for the course ECON 3818 taught by Professor Jeffreys.zax during the Fall '05 term at University of Colorado Denver.

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ps5-answerkey - Answer Key to Problem Set 5 Fall 2005 Econ...

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