Homework 9
Due Friday, June 1

You might have done the problems from 8.3 to 8.5 last week.  If not, do them this week:
Section 8.3, p. 354
2,4,5

Section 8.4, p. 365
3

Section 8.5, p. 376
1,2,5

Section 8.6, p. 383
1, 5, 11, 12

Section 8.7, p. 390
1, 2,6

The following questions are review.

Chatper 5 review, p. 250
Do at least three from this list:
1,2,3,4,7,9, 10ab

A. For problem 10 in Chapter 5:
    a) Suppose you place a single $1 bet on the lottery on two consecutive days.  (The lottery picks a new winner every day.)
    .  What's your expected total winnings?
        What's the SD of your total?
        Draw the probability distribution function for the total winnings.
    b) Suppose you place a single $1 bet on the lottery every day for the year.
    What's your expected total winnings?
    What's the SD of your total winnings?
    Sketch the approximate probability distribution of your total winnings.  (Hint: the central limit theorem.)
    What's the probability that you will lose more than -$0.50 total?
 
Chapter 9 Review, p. 479
Do at least three from this list:
3,9, 12,13, 14, 18