Calculus: An Applied Approach (MindTap Course List)
10th Edition
ISBN: 9781305860919
Author: Ron Larson
Publisher: Cengage Learning
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Question
Chapter 9.1, Problem 4CP
To determine
To calculate: The expected value of the number of heads that will turn up when three coins are tossed.
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Suppose you want to play a carnival game that costs 5 dollars each time you play. If you win, you get $100. The probability of winning is 1⁄100. What is the expected value of the amount that you, the player, stand to gain?
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Chapter 9 Solutions
Calculus: An Applied Approach (MindTap Course List)
Ch. 9.1 - Checkpoint 1 Worked-out solution available at...Ch. 9.1 - Prob. 2CPCh. 9.1 - Prob. 3CPCh. 9.1 - Prob. 4CPCh. 9.1 - Prob. 5CPCh. 9.1 - Prob. 6CPCh. 9.1 - Prob. 1SWUCh. 9.1 - Prob. 2SWUCh. 9.1 - Prob. 3SWUCh. 9.1 - Prob. 4SWU
Ch. 9.1 - Prob. 5SWUCh. 9.1 - Prob. 6SWUCh. 9.1 - Prob. 7SWUCh. 9.1 - Prob. 8SWUCh. 9.1 - Prob. 9SWUCh. 9.1 - Prob. 10SWUCh. 9.1 - Prob. 1ECh. 9.1 - Prob. 2ECh. 9.1 - Prob. 3ECh. 9.1 - Prob. 4ECh. 9.1 - Prob. 5ECh. 9.1 - Prob. 6ECh. 9.1 - Prob. 7ECh. 9.1 - Random Selection A card is chosen at random from a...Ch. 9.1 - Prob. 9ECh. 9.1 - Prob. 10ECh. 9.1 - Identifying Probability Distributions In Exercises...Ch. 9.1 - Prob. 12ECh. 9.1 - Prob. 13ECh. 9.1 - Prob. 14ECh. 9.1 - Prob. 15ECh. 9.1 - Using Probability Distributions In Exercises 1518,...Ch. 9.1 - Prob. 17ECh. 9.1 - Prob. 18ECh. 9.1 - Prob. 19ECh. 9.1 - Children The table shows the probability...Ch. 9.1 - Prob. 21ECh. 9.1 - Die Roll Consider the experiment of rolling a...Ch. 9.1 - Prob. 23ECh. 9.1 - Prob. 24ECh. 9.1 - Prob. 25ECh. 9.1 - Prob. 26ECh. 9.1 - Prob. 27ECh. 9.1 - Prob. 28ECh. 9.1 - Prob. 29ECh. 9.1 - Personal Income The probability distribution of...Ch. 9.1 - Insurance An insurance company needs to determine...Ch. 9.1 - Insurance An insurance company needs to determine...Ch. 9.1 - Baseball A baseball fan examined the record of a...Ch. 9.1 - Games of Chance If x is a players net gain in a...Ch. 9.1 - Games of Chance If x is a players net gain in a...Ch. 9.1 - Prob. 37ECh. 9.1 - Prob. 38ECh. 9.2 - Prob. 1CPCh. 9.2 - Prob. 2CPCh. 9.2 - Prob. 3CPCh. 9.2 - Prob. 4CPCh. 9.2 - Prob. 5CPCh. 9.2 - Prob. 1SWUCh. 9.2 - Prob. 2SWUCh. 9.2 - Prob. 3SWUCh. 9.2 - Prob. 4SWUCh. 9.2 - Prob. 5SWUCh. 9.2 - Prob. 6SWUCh. 9.2 - Prob. 7SWUCh. 9.2 - Prob. 1ECh. 9.2 - Prob. 2ECh. 9.2 - Prob. 3ECh. 9.2 - Prob. 4ECh. 9.2 - Prob. 5ECh. 9.2 - Prob. 6ECh. 9.2 - Prob. 7ECh. 9.2 - Prob. 8ECh. 9.2 - Prob. 9ECh. 9.2 - Prob. 10ECh. 9.2 - Prob. 11ECh. 9.2 - Prob. 12ECh. 9.2 - Prob. 13ECh. 9.2 - Prob. 14ECh. 9.2 - Prob. 15ECh. 9.2 - Making a Probability Density Function In Exercises...Ch. 9.2 - Prob. 17ECh. 9.2 - Prob. 18ECh. 9.2 - Prob. 19ECh. 9.2 - Finding a Probability In Exercises 19-26, sketch...Ch. 9.2 - Prob. 21ECh. 9.2 - Prob. 22ECh. 9.2 - Prob. 23ECh. 9.2 - Prob. 24ECh. 9.2 - Prob. 25ECh. 9.2 - Finding a Probability In Exercises 19-26, sketch...Ch. 9.2 - Prob. 27ECh. 9.2 - Prob. 28ECh. 9.2 - Prob. 29ECh. 9.2 - Demand The daily demand for gasoline x (in...Ch. 9.2 - Prob. 31ECh. 9.2 - Prob. 32ECh. 9.2 - Using the Exponential Density Function In...Ch. 9.2 - Prob. 34ECh. 9.2 - Using the Exponential Density Function In...Ch. 9.2 - Prob. 36ECh. 9.2 - Prob. 37ECh. 9.2 - Demand The weekly demand x (in tons) for a certain...Ch. 9.2 - Prob. 39ECh. 9.3 - Prob. 1CPCh. 9.3 - Find the variance and standard deviation of the...Ch. 9.3 - Use a symbolic integration utility to find the...Ch. 9.3 - Prob. 4CPCh. 9.3 - Prob. 5CPCh. 9.3 - Prob. 6CPCh. 9.3 - Prob. 7CPCh. 9.3 - Prob. 1SWUCh. 9.3 - Prob. 2SWUCh. 9.3 - Prob. 3SWUCh. 9.3 - Prob. 4SWUCh. 9.3 - Prob. 5SWUCh. 9.3 - Prob. 6SWUCh. 9.3 - Finding Expected Value, Variance, and Standard...Ch. 9.3 - Prob. 2ECh. 9.3 - Prob. 3ECh. 9.3 - Prob. 4ECh. 9.3 - Finding Expected Value, Variance, and Standard...Ch. 9.3 - Prob. 6ECh. 9.3 - Prob. 7ECh. 9.3 - Prob. 8ECh. 9.3 - Prob. 9ECh. 9.3 - Prob. 10ECh. 9.3 - Prob. 11ECh. 9.3 - Finding Expected Value, Variance, and Standard...Ch. 9.3 - Prob. 13ECh. 9.3 - Using Two Methods In Exercises 13-16, find the...Ch. 9.3 - Prob. 15ECh. 9.3 - Using two Methods In Exercises 1316, find the...Ch. 9.3 - Using Technology In Exercises 17-22, use a...Ch. 9.3 - Using Technology In Exercises 17-22, use a...Ch. 9.3 - Using Technology In Exercises 17-22, use a...Ch. 9.3 - Using Technology In Exercises 17-22, use a...Ch. 9.3 - Prob. 21ECh. 9.3 - Prob. 22ECh. 9.3 - Prob. 23ECh. 9.3 - Prob. 24ECh. 9.3 - Prob. 25ECh. 9.3 - Prob. 26ECh. 9.3 - Prob. 27ECh. 9.3 - Prob. 28ECh. 9.3 - Prob. 29ECh. 9.3 - Prob. 30ECh. 9.3 - Prob. 31ECh. 9.3 - Prob. 32ECh. 9.3 - Prob. 33ECh. 9.3 - Prob. 34ECh. 9.3 - Prob. 35ECh. 9.3 - Prob. 36ECh. 9.3 - Consumer Trends The number of coupons x used by a...Ch. 9.3 - Prob. 38ECh. 9.3 - Prob. 39ECh. 9.3 - Prob. 40ECh. 9.3 - Transportation The arrival time t (in minutes) of...Ch. 9.3 - Prob. 42ECh. 9.3 - Prob. 43ECh. 9.3 - Prob. 44ECh. 9.3 - Prob. 45ECh. 9.3 - License Renewal The waiting time t (in minutes) at...Ch. 9.3 - Demand The daily demand x for a certain product...Ch. 9.3 - Prob. 48ECh. 9.3 - Demand The daily demand x for water (in millions...Ch. 9.3 - Prob. 50ECh. 9.3 - Prob. 54ECh. 9.3 - Prob. 55ECh. 9.3 - Education For high school graduates from 2012...Ch. 9.3 - Prob. 57ECh. 9 - Prob. 1RECh. 9 - Prob. 2RECh. 9 - Prob. 3RECh. 9 - Prob. 4RECh. 9 - Prob. 5RECh. 9 - Prob. 6RECh. 9 - Prob. 7RECh. 9 - Prob. 8RECh. 9 - Prob. 9RECh. 9 - Prob. 10RECh. 9 - Prob. 11RECh. 9 - Prob. 12RECh. 9 - Prob. 13RECh. 9 - Prob. 14RECh. 9 - Prob. 15RECh. 9 - Prob. 16RECh. 9 - Revenue A publishing company introduces a new...Ch. 9 - Prob. 18RECh. 9 - Prob. 19RECh. 9 - Prob. 20RECh. 9 - Prob. 21RECh. 9 - Prob. 22RECh. 9 - Prob. 23RECh. 9 - Prob. 24RECh. 9 - Prob. 25RECh. 9 - Prob. 26RECh. 9 - Prob. 27RECh. 9 - Prob. 28RECh. 9 - Prob. 29RECh. 9 - Prob. 30RECh. 9 - Prob. 31RECh. 9 - Prob. 32RECh. 9 - Prob. 33RECh. 9 - Prob. 34RECh. 9 - Prob. 35RECh. 9 - Prob. 36RECh. 9 - Waiting Time The waiting time t (in minutes) for...Ch. 9 - Prob. 38RECh. 9 - Prob. 39RECh. 9 - Prob. 40RECh. 9 - Prob. 41RECh. 9 - Prob. 42RECh. 9 - Prob. 43RECh. 9 - Prob. 44RECh. 9 - Prob. 45RECh. 9 - Prob. 46RECh. 9 - Prob. 47RECh. 9 - Prob. 48RECh. 9 - Prob. 49RECh. 9 - Prob. 50RECh. 9 - Prob. 51RECh. 9 - Prob. 52RECh. 9 - Prob. 53RECh. 9 - Prob. 54RECh. 9 - Prob. 55RECh. 9 - Prob. 56RECh. 9 - Prob. 57RECh. 9 - Prob. 58RECh. 9 - Prob. 59RECh. 9 - Prob. 60RECh. 9 - Prob. 61RECh. 9 - Prob. 62RECh. 9 - Prob. 1TYSCh. 9 - Prob. 2TYSCh. 9 - Prob. 3TYSCh. 9 - Prob. 4TYSCh. 9 - Prob. 5TYSCh. 9 - Prob. 6TYSCh. 9 - Prob. 7TYSCh. 9 - Prob. 8TYSCh. 9 - Prob. 9TYSCh. 9 - Prob. 10TYSCh. 9 - Prob. 11TYSCh. 9 - Prob. 12TYSCh. 9 - Prob. 13TYSCh. 9 - Prob. 14TYSCh. 9 - Prob. 15TYSCh. 9 - Prob. 16TYS
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Describe how to determine the probability of an event.
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The expected value of any term life insurance product yields a positive expected value for the insurance company and a negative expected value for you, meaning the insurance company will make profits by selling their insurance products. Would you still buy the term life insurance? Why or why not? Are there other examples other than insurance that uses this same concept?
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Suppose you are allowed to flip a coin until the first head appears. Let X be the total number of flips required. You will win 2X dollars at the occurrence of the first head.
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The Falcons’ starting running back injured his knee in last week’s game. There is a 35% chance that he will play in the next game. If he can play in the next game, he will likely rush 80 yards. If he does not play, the backup running back will likely rush 60 yards. Find the expected value.
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A 37-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $480. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999055. Find the expected value of the policy for the insurance company. Round to two decimal places for currency problems.
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