ASSIGNMENT-1
STAT 220
Probabilities
Due date: September 30th, 2011
1. (10 points 2 marks each with proper explanations of the events and
probabilities)
(13)(48)
1
1
(52)
5
13
( )(4)(12)(4)
P (B ) = 1 3 52 1 2
(5)
(13)(4)(12)(11)(4)(4) (13)(4)(48)(44)
P (C
ASSIGNMENT-3
STAT 220
Probabilities
Due date: November 28th, 2011
1. A car worth 24 units(1 unit =$1000) is insured for a year with one-unit deductible policy. The probability of no damage in a year is 0.95 and the probability of being totaled is 0.01. If
ASSIGNMENT-2
STAT 220
Probabilities
Due date: November 4th, 2011
1. Determine the yearly premium for a $1000 insurance policy covering an event
that, over a long period of time, has occurred at the rate of 2 times in 100. Let X
equal yearly financial gain
ASSIGNMENT-1
STAT 220
Probabilities
Due date: September 30th, 2011
1. (10 points)A poker hand is dened as drawing 5 cards at random without replacement from a
deck of 52 cards. Find the probability of each of the following poker hand
(a) Four of a kind (