Reese Prosser never puts money in a 10-cent parking meter in Hanover. He assumes that there is

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Reese Prosser never puts money in a 10-cent parking meter in Hanover. He assumes that there is a probability of .05 that he will be caught. The first offence costs nothing, the second costs 2 dollars, and subsequent offences cost 5 dollars each. Under his assumptions, how does the expected cost of parking 100 times without paying the meter compare with the cost of paying the meter each time?


Number of deaths Number of corps with r deaths in a given year 144 91 32 11 2
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Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

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