Homework # 11 - MATH 2227
The problems on this homework must be done alone. The honor code is in effect.
First name: Last name:
A burger restaurant offers a promotion. With the purchase of every meal, you get a coupon to use for your next purchase. 85\(\%\) of the coupons are worth $1, 10\(\%\) of the coupons are worth $2, 4\(\%\) of the coupons are worth $5. And 1\(\%\) of the coupons are worth $20.
1. Find the expected value, \(\mu\), of the coupon.
a. $1.45
b. $1.85
c. $2.25
d. $2.65
d. $3.05
2. Find the standard deviation, \(\sigma\), for the value of the coupon.
a. $1.80
b. $2.04
c. $3.33
d. $4.23
d. $5.94
3. If you flip a fair coin 10 times, find the probability of flipping exactly 5 heads (rounded to the nearest 1%.
a. 15%
b. 25%
c. 35%
d. 45%
d. 55%