Business Mathematics IHomework 3Solution.Solution.Business Mathematics IHomework 3Prepared forStephen Reyes Math 115a, Section University of Arizona ByName of studentSubmitted onDateI affirm that I completed this assignment in its entirety and that the work contained herein is original. Furthermore, I understand that sanctions will be imposed if any part of this work is found to violate the Student Code of Conduct, the Code of Academic Integrity, or the policies and procedures established for this course. ______________________________ ______________________________Name (typed) Signature1. (Expected Value) Let V be the product of the faces obtained by rolling a fair die twice. Use the sample space, S, to compute )206( VP.Solution. 2. (Expected Value) Consider the lottery described in Example 6. How much income per month could the state expect to average if it lowered the probability of winning $1,000,000 to0.0000002?Solution. 3. (Expected Value) If you invest in a new restaurant there is a 35% chance that you lose $90,000, a 45% chance that you break even, and a 20% chance that you make $170,000. Compute the expected value of the investment.Solution. 4. (Database Functions and Filtering) How many of the vehicles in Cars.xls were Chevrolet Blazers, made in 1994 or 1995.Solution. 5. (Database Functions and Filtering) Consider the data in Cars.xls. Estimate the probability that the repair cost for any vehicle will be at least $3,600.Solution.
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