document.write( "Question 356623: Can anyone please answer all these question for me because Iam having hard time with these questions\r
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document.write( "Explain what is wrong and why it is wrong: \r
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document.write( "1. You bought 10 lottery tickets. One of them won a prize. That means that the probability of winning a prize is 1/10. \r
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document.write( "2. In a lottery, buying more tickets does not affect your chances of winning a prize. \r
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document.write( "3. John has 3 suits, 10 shirts, and 12 neckties. He will need to buy some more clothes if he wants to come to work each work day in a different outfit for a whole year. \r
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document.write( "4. If in a probability distribution you get the sum of probabilities less than one, it just means that you have a smaller-than-normal distribution \r
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document.write( "5. From the perspective of the insurance company, health insurance policies are set up in such a way that a healthy person has a negative expected value, and a sickly person has a positive one.\r
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document.write( "6. For a given data set, the mean and median are always nearly equal.
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document.write( "7. In the same set of data, no two may have the same z score.
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document.write( "8. A negative z score is unusual.
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document.write( "9. For a set having only negative values, both the mean and standard deviation will be negative.
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Algebra.Com's Answer #254655 by robertb(5830)![]() ![]() You can put this solution on YOUR website! Explain what is wrong and why it is wrong: \n" ); document.write( "1. You bought 10 lottery tickets. One of them won a prize. That means that the probability of winning a prize is 1/10. \n" ); document.write( "--The probability of winning depends on the sample space (the set of all possible n choices if a lottery ticket contains n whole numbers.) That is much larger than 10. \n" ); document.write( "2.In a lottery, buying more tickets does not affect your chances of winning a prize. \n" ); document.write( "--Chances are higher because the size of the subset of possible winning numbers is greater. \n" ); document.write( "3. John has 3 suits, 10 shirts, and 12 neckties. He will need to buy some more clothes if he wants to come to work each work day in a different outfit for a whole year. \n" ); document.write( "--He doesn't need to buy some more clothes, because he can suit up differently for 3*10*12 = 360 days. \n" ); document.write( "4. If in a probability distribution you get the sum of probabilities less than one, it just means that you have a smaller-than-normal distribution. \n" ); document.write( "--The sum of probabilities has to be 1, or else it's not a probability distribution. \n" ); document.write( "5. From the perspective of the insurance company, health insurance policies are set up in such a way that a healthy person has a negative expected value, and a sickly person has a positive one. \n" ); document.write( "--If this were the case, the insurance company would lose money by paying claims from sick policyholders all the time, and would be embezzling money from healthy policyholders. \n" ); document.write( "6. For a given data set, the mean and median are always nearly equal. \n" ); document.write( "--If the data set is heavily skewed to the right, mean > median. If the data set is heavily skewed to the left, mean < median. \n" ); document.write( "7. In the same set of data, no two may have the same z score. \n" ); document.write( "--Repetition of z-scores is possible, because there may be repetition of sample points from which the z-scores came. \n" ); document.write( "8. A negative z score is unusual. \n" ); document.write( "--A negative z-score simply says that the sample point is less than the mean of the data set, which is not unusual. \n" ); document.write( "9. For a set having only negative values, both the mean and standard deviation will be negative. \n" ); document.write( "--Standard deviation is always positive, as it is the square root of the variance of the data set.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |