Probability

12. Based on historical data, an insurance company estimates that a particular customer has a 2.4% likelihood of having an accident in the next year, with the average insurance payout being $1500. If the company charges this customer an annual premium of $100, what is the company's expected value of this insurance policy?

14.A race consists of 10 women and 10 men. Find the following probabilities for the top three finishers: P(all men) P(all women) P(2 men and 1 woman) = P(1 man and 2 women) Round all answers to four decimal places. L

15.A ball is drawn randomly from a jar that contains 2 red balls, 6 white balls, and 8 yellow ball. Find the probability of the given event. (a) A red ball is drawn; The probability is : (b) A white ball is drawn; The probability is : (c) A red or white ball is drawn; The probability is :

16. Nine bands are to perform at a weekend festival. How many different ways are there to schedule their appearances?

2. Using the same experiment and sample space as in question #1, what is the probability of selecting someone with AB blood type?

3. How many odd four digits whole numbers are there?

6. There are 8 students, from whom 4 are chosen to represent their team at a meeting. If Valentina or Nico, but only one of them, must be chosen, in how many ways can the students be chosen to go to the meeting?

5. How many different arrangements can be made from the letters in the word SUCCESS, if the word must end with a vowel?

8. The table lists the smoking habits of a group of 400 college students

7. A five-sided dice (with the numbers 1, 2, 3, 4, 5) is thrown 4 times.