ECON1005 Tutorial Sheet 6
ECON1005 Tutorial Sheet 6
1. A newspaper article claims that 28% of all airplanes arriving at Piarco Airport are late.
a. Define the random variable here.
b. Find the probability that, in a random sample of 9 airplanes:
i. Exactly 7 will arrive late
ii. At least 3 will arrive late
iii. At most 5 airplanes will arrive on schedule
2. A recent study on the Caribbean reported that the region averages 30 fires per year with
the major causes of forest fires being humans, lightning and spontaneous combustion
(due mainly to heat), which caused 51%, 33% and 16% of all fires respectively. If the
number of forest fires in the upcoming year is a third of the yearly average, determine
the probability that:
a. At least 8 forest fires are caused by non-human factors.
b. Write an expression for the probability that at most 6 forest fires are caused by
humans.
4. From HKT Ltd’s housing development’s annual report it was revealed that the
development has 600 houses, with a total of 1800 inhabitants. In addition, the entire
development contained 100 streets with exactly 6 houses situated on each street.
Furthermore, approximately 40% of the houses were 2-bedroom houses and the
remaining 60% were 3-bedroom houses:
a. What is the probability that a house selected at random is unoccupied?
b. If a street is selected at random, write an expression for the probability that at
least 15 people live on that street.
7. Peter is interested in purchasing a new car. In the brochure for the model he is
interested in acquiring, it is stated that the transmission has a warranty for 40,000 miles.
Furthermore, s study done on this particular model has found that the life of the car’s
transmission has a normal distribution with a mean of 72,000 miles and a standard
deviation of 12,000 miles. If Peter purchases this particular model, what is the likelihood
that the car’s transmission fails before the end of the warranty period?
8. Flight attendants on CAL airplanes have found that about 1 in every 10 passengers will
order wine with their meal. If 500 meals were served by CAL on a certain day, find the
probability that no more than 70 meals were consumed with wine.
9. Let X and Y denote two random variables which are normally and independently
distributed with means of 25 and 32 respectively and standard deviations of 4 and 10
respectively. Define a new random variable U = 3X – 7Y.