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4040 Statistics 2011 and Paper discussion after 24 hours

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Okay I'm going to post the answer of Q7 the third time!

The probability of winning $8 was 5/216

The question said that the probability of not winning was 5/6. So probability of winning was 1/6.

So 1/6= P($2) + P($8)
1/6=P($2) + 5/216
So P($2) was 31/216

Next expected prize= 2(31/216) + 8(5/216)
= 102/216= 17/36

Expected loss will be= 1-17/36= -(19/36)

That I believe was the answer.
I only managed to do it correctly till it asked the probability of winning $8. Next 2 parts were wrong!
 
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tahatehseen said:
perfect1 said:
Probability of winning $8 = 5/216
u r wrong. it was 6/216=1/36

No it was 5/216 as there were only 5 different sequences of getting a score more than 15 (i.e from 16-18)

(6,6,6) (6,6,5) (6,6,4) (6,5,6) and (6,4,6)
 
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I don't know but I think the question said that the number after getting a six would count, and that six would also count. That's how I attempted the question.....by that logic getting a 6 on the first dice roll was necessary to make it upto 16.
 
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no... u didnt read the question properly! It stated that the score is counted by applying three rules:
1. A six is ocounted
2. A number “preceding” a six is counted
3. Any other number is not counted
 
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Hmmm...does anyone remember the examples given in the question 7?

Do you remember the last three parts of Q11 statements?
 
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There was a part on Question 11 that asked of the minimum cost of top 15% order or something.

I got an answer of around $60 in decimals. Does anyone remember??
 
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tahatehseen said:
therefore (5,6,6) is counted because the score would be 5+6+6
5,6,6 would not be counted. The first 5 does not have a 6 preceding it. They gave 3 examples to show how the score was calculated. One of them was with 4 being first, and it was counted as 0.
 
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waztaz123 said:
There was a part on Question 11 that asked of the minimum cost of top 15% order or something.

I got an answer of around $60 in decimals. Does anyone remember??
I think i also got same answer in this. And for the second last part which asked for lowest "gross" value (the previous part one being the lowest net value), i think the answer was 77 and some digits after decimal because we have to add the 20 % tax and then $5(i dont remember what this 5 was).
=1.2x60(point something) + 5
tahatehseen said:
no... u didnt read the question properly! It stated that the score is counted by applying three rules:
1. A six is ocounted
2. A number “preceding” a six is counted
3. Any other number is not counted
I think that the second point was a number before which there is a six will be counted like for 6,5,3 the score will be 6+5+0 (because before 3 there is no 6). Anyways i did not attempt this question 7 because i couldn't understand it.
Inshallah we all will get good grades. Just have faith in your lord and he will give you reward.
 
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