Answers to the Review questions Chapter 16
1. iii 2. i 3. both are wrong. Luck and the law of averages have nothing to do with it, the chances will remain unchanged no matter how many times. 4. (a) 60 rolls, with more rolls, the percentage of ones will be closer to 16.67. But you want the percentage to far away from 16.67% So, choose the smaller number of rolls. (b) 600 rolls, now you want to be closer to 16.67. (c) 600 rolls, just like b (d) 600. Here, you want the long-run average which is 16.67% and you are more likely to get it with more rolls. 5. False. If the number of heads is 50, the percentage is 50. 6. (i) is better. Reasoning: 10/15 = 2/3. Option i is like tossing a coing 15 times and looking for > 2/3 heads. 7. It's 25 draws from a box with one +4 and four -1 8. The net gain is like the sum of 50 draws from a box with four tickets with a +8 and 34 with a -1. 9. Choose (ii). More draws means the percentage of reds will be most like the percentage in the box. Review exercise 4 above. 10. (a) 30/200 = .15 (b) -0.1 (c) average = sum/200 (d) 5/200 = .025