Chapter 6: Q. 66 (page 382)
The standard deviation of is
(a)
(b)
(c)
(d)
(e)
Short Answer
The standard deviation of is option
Chapter 6: Q. 66 (page 382)
The standard deviation of is
(a)
(b)
(c)
(d)
(e)
The standard deviation of is option
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Get started for freeBenford’s law and fraud A not-so-clever employee decided to fake his monthly expense report. He believed that the first digits of his expense amounts should be equally likely to be any of the numbers from to . In that case, the first digit of a randomly selected expense amount would have the probability distribution shown in the histogram.
(a). Explain why the mean of the random variable Y is located at the solid red line in the figure.
(b) The first digits of randomly selected expense amounts actually follow Benford’s law (Exercise 5). What’s the expected value of the first digit? Explain how this information could be used to detect a fake expense report.
(c) What’s ? According to Benford’s law, what proportion of first digits in the employee’s expense amounts should be greater than ? How could this information be used to detect a fake expense report?
Ana is a dedicated Skee Ballplayer (see photo) who always rolls for the -point slot. The probability distribution of Ana's score on a single roll of the ball is shown below. You can check that and .
(a) A player receives one ticket from the game for every points scored. Make a graph of the probability distribution for the random variable number of tickets Ana gets on a randomly selected throw. Describe its shape.
(b) Find and interpret .
(c) Compute and interpret .
90. Normal approximation To use a Normal distribution to approximate binomial probabilities, why do we require that both and be at least ?
49. Checking independence In which of the following games of chance would you be willing to assume independence of andlocalid="1649903939419" in making a probability model? Explain your answer in each case.
(a) In blackjack, you are dealt two cards and examine the total points localid="1649903945891" on the cards (face cards count localid="1649903950298" points). You can choose to be dealt another card and compete based on the total pointslocalid="1649903956461" on all three cards.
(b) In craps, the betting is based on successive rolls of two dice. localid="1649903966379" is the sum of the faces on the first roll, and localid="1649903971075" is the sum of the faces on the next roll.
86.in wins As a special promotion for its -ounce bottles of soda, a soft drink company printed a message on the inside of each cap. Some of the caps said, “Please try again,” while others said, “You’re a winner!” The company advertised the promotion with the slogan “inwins a prize.” Suppose the company is telling the truth and that every -ounce
bottle of soda it fills has a-in-chance of being a winner. Seven friends each buy one -ounce bottle of the soda at a local convenience store. Let the number who win a prize.
(a) Explain why is a binomial random variable.
(b) Find the mean and standard deviation of . Interpret each value in context.
(c) The store clerk is surprised when three of the friends win a prize. Is this group of friends just lucky, or is the company’s -in- claim inaccurate? Compute and use the result to justify your answer.
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