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Math 1324 (Business Mathematics)
SOLUTIONS-Homework 2
All work must be shown completely, Answers with no work will receive a zero. No Exceptions!
1) Basic Probability
a) Suppose that P0?) = 0.2 P(F) .0 3, and P(En F)= 0.1. Find P(Ec) and P(E UF).
NEW:
Test 1(1.1-1.8,1.10,2.1-2.5) Date of test: 9/24/2015
Below are samples of questions that I have asked in the past.
This testis meant to be done without calculators.
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Business Mathematics I
SOLUTION S-Homework 3
1) Excel Work: Use Carsxls records from your course les.
a) How many of the vehicles in the Carsxls data were Jeep Cherokees, made in 1998, and repaired in
Utah, Arizona, or New Mexico?
Number of Jeep Cheroke
Homework 3
By
Team #
Submitted on
Date
We, the undersigned, affirm that all of us participated fully and equally in the completion of this
assignment and that the work contained herein is original. Furthermore, we understand that
sanctions will be imposed
Math 1324 (Business Mathematics)
Homework 4-SOLUTIONS
All work must be shown completely, Answers with no work will receive a zero.
1) For problem In & Ib,_ do not calculate anything; just explain it in a few sentences.
a) You have $10,000 to invest. You a
Homework 5-Solutions
1) A finite random variable X has the following values and probabilities.
x
P(X= x)
1
0.1
2
0.2
3
0.3
4
0.4
(a) The p.m.f., fX has fX(1) = 0.1
(b) The p.m.f., fX has fX(10) = 0
(c) The c.d.f., FX has FX(1) = 0.1
(d) The c.d.f., FX has
Guidelines for Writing Team Contract
To prepare you for the teamwork in the business world, you will be assigned a team for the semester. Your team
will work together to complete the collaborative projects
Rationale
According to concepts from Organization
Homework 4
By
Team #
Submitted on
Date
We, the undersigned, affirm that all of us participated fully and equally in the completion of this assignment and
that the work contained herein is original. Furthermore, we understand that sanctions will be imposed
Homework 5
By
Team #
Submitted on
Date
We, the undersigned, affirm that all of us participated fully and equally in the completion of this
assignment and that the work contained herein is original. Furthermore, we understand that
sanctions will be imposed
Conditional Probability/Independence
Exercise 1 (E-book-Example 1-Slide 107): Weather records show that on a given
type of day, there is a 30% chance of rain, a 40% chance of it being windy, and a
46% chance that it either rains or is windy. If you get up
Bayes Theorem Worksheet
Exercise 1 (E-book Example 1 - Slide 128): Your retail business is considering holding a
sidewalk sale promotion next Saturday. Past experience indicates that the probability of a
successful sale is 60%, if it does not rain. This d
Homework 2
By
Team #
Submitted on
Date:
We, the undersigned, affirm that all of us participated fully and equally in the completion of this assignment and
that the work contained herein is original. Furthermore, we understand that sanctions will be impose
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