Problem 1 f - Interpreting Expected Value: The doctor is considering whether or not to relocate to a larger office. To make the move financially beneficial, the doctor needs to see patients an average of two times per year. Based on your computed expected value E(x) in the previous question, should the doctor move to a larger office?

Group of answer choices

Yes, because E(x) is greater than 2.

No, because E(x) is less than 2.

No, because E(x) is greater than 2.

Yes, because E(x) is less than 2.

Problem 2 c - Normal Distribution for Resort SB: Assuming a normal distribution, the probability that a vacationer will stay for less time at Resort SB than the average stay at Resort DW is____(round and enter your answer to 4-places after the decimal).

The z-value used in the above probability computation is_____(round and enter the z-value to 2-places after the decimal).

(Hint: View the normal curve diagram in the next question.)

Problem 3 b - Probability Matrix: Referencing your completed Probability Matrix in the previous question, compute the following probabilities and enter your answers into the answer boxes shown below. (Round your answers to 3-places after the decimal, rather than entering as a %; i.e. enter 0.123 or .123 rather than 12.3%.)

(1.)

P ( G 2 T 2 )

=

(2.)

P ( G 4 G 1 ) =

(3.)

P ( G 3 T 3 ) =

(or both)

(4.) P (T3 / G1) =

(5.) P (G1 / T1) =