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Author Question: The table below describes the smoking habits of a group of asthma sufferers. Nonsmoker ... (Read 61 times)

RYAN BANYAN

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on: Jul 25, 2018
The table below describes the smoking habits of a group of asthma sufferers.
 
  Nonsmoker
  Occasional
  smoker
  Regular
  smoker
  Heavy
  smoker Total
  Men 431 50 71 49 601
  Women 382 48 86 39 555
  Total 813 98 157 88 1156
  If one of the 1156 people is randomly selected, find the probability that the person is a man or a
  heavy smoker.
  A) 0.511 B) 0.554 C) 0.596 D) 0.557

Question 2

If a game were fair, the payoff on a bet would be the same as the odds for the event. In
  one game, the odds for winning are 1:13.
 
  If the game were fair, what would the payoff be
  for a 5 bet? Of course, games in casinos are designed to make a profit for the casino
  investors. Supposing the casino makes the payoff at 1:11 odds, what profit does the casino
  make on your winning bet?


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tanna.moeller

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Reply #1 on: Jul 25, 2018
Answer to Question 1

B

Answer to Question 2

In a fair game the payoff would be 70 = 135 + 5 original bet. The casino payoff would be 60 = 115 + 5 original bet.
The profit would be 10.


RYAN BANYAN

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Reply 2 on: Jul 25, 2018
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Excellent

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