Stat 100

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Stat 100

Feb. 20

Stat 100

• Read Ch. 15; Try 1-5, 7, 14, 17, 18, 21, 25

• Read Chapter 16

Thought Question

• A normal 52-card deck is randomly shuffled.

• What is the probability that the fourth card down is the Ace of Hearts?

• Answer=1/52. Random shuffle gives any card the same chance to be in any spot.

Problem 15.19

• Lyme disease is transmitted to humans by tick bites.

Suppose the probability of contracting the disease is

1/100 for each tick bite.

15.19 continued

• What is the probability you will not get the disease when bitten once?

• 99/100

• What is the probability that if you are bitten twice, the result is that you don’t get the disease from first bite but get it from second

• (99/100)(1/100) = 99/10,000

Problem 15.18

• You routinely check coin-return slots in vending machines to see if they have any money in them.

• About 10% of the time you find money.

• What is the probability that you do not find money the next time you check?

• What is the probability that the next time you will find money is on the third try?

• What is the probability that you will have found money by the third

Expected Value

• Mean outcome per trial in the long run

• List possible outcome values and their probabilities

• Exp Value=sum of (value×probability)

Problem 15.25 continued

• In 1991, in the U.S.:

• 72% of children lived with both parents

• 22% lived with mother only

• 3% lived with father only

• 3% lived with neither parent

Part a

• What is the expected value for the

number

of parents a randomly selected child is living with?

• (2)(.72) + (1)(.22) +

(1)(.03) + (0)(03) =

• 1.69

15.25 continued

• Does the concept of expected value have a meaningful interpretation for this example?

• Debatable, but the “No” answer would be that nobody lives with 1.69 parents

• The value 1.69 is the average over all children in the country

Pennsylvania Daily number

• 999/1000 chance of losing $1

• 1/1000 chance of winning $499

• What is the “expected value” of the game?

• (999/1000)(-1) + (1/1000)(499) =

(-999+499)/1000 = -0.50

• Interpretation: On average, player lose 50 cents per game

Fair Game

• Explain why the PA Daily number game is not fair

• State has the advantage in the long run

• Will average out to a gain of 50 cents per play for the state.

• Definition of fair game: Expected value = 0

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