Lauren is shopping and finds 6 bracelets, 2 pairs of earrings, and 3 necklaces that she likes. How many ways can Lauren select 4
2 answers:
Because it does not specify that she has to choose one or two from each category all pieces of jewelry can be treated as choices in a combination set.
the formula for a combination is
where n is a total number of choices ( 11 )
and r is number chosen out of those choices (4)
so
C(11,4)= \frac{11!}{4!(11-4)!}
She has 330 possible choices to come home with 4 pieces of jewelry
the formula for a combination is
where n is a total number of choices ( 11 )
and r is number chosen out of those choices (4)
so
C(11,4)= \frac{11!}{4!(11-4)!}
She has 330 possible choices to come home with 4 pieces of jewelry
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Answer:
a). The mean = 1000
The variance = 999,000
The standard deviation = 999.4999
b). 1000 times , loss
Step-by-step explanation:
The mean of geometric distribution is given as ,
And the variance is given by,
Given :
= 0.001
The formulae of mean and variance are :
a). Mean =
=
= 1000
Variance =
=
= 999,000
The standard deviation is determined by the root of the variance.
= = 999.4999
b). We expect to have play lottery 1000 times to win, because the mean in part (a) is 1000.
When we win the profit is 500 - 1 = 499
When we lose, the profit is -1
Expected value of the mean μ is the summation of a product of each of the possibility x with the probability P(x).
= $ 0.50
Since the answer is negative, we are expected to make a loss.