Exam 1

1. Metainformation

   Tag	Value
   file	Probability_uva-elementary-probability-1165-en_uva-elementary-probability-1165-en
   name	uva-elementary-probability-1165-en
   section	Probability/Elementary Probability
   type	schoice
   solution	FALSE, TRUE, FALSE, FALSE
   Type	Conceptual
   Language	English
   Level	Statistical Literacy
   IRT-Difficulty	2
   p-value	0.5905

   Question

   A ticket in a lottery has an expected profit of €0.6014 with a standard deviation of €4.040. Suppose you get three different lottery tickets receive, what is your expected total profit and its standard deviation thereof?

   
   
   1. FALSE: The expected total profit is €0.6014 and the standard deviation is 4.040.
   2. TRUE: The expected total profit is €1.804 and the standard deviation is 6.997.
   3. FALSE: The expected total profit is €3 and the standard deviation is 6.997.
   4. FALSE: The expected total profit is €1.804 and the standard deviation is 12.120.
   
   
   1. The expected total profit is €0.6014 and the standard deviation is 4.040.: Incorrect
   2. The expected total profit is € 1.804 and the standard deviation is 6.997…: Correct
   3. The expected total profit is € 3 and the standard deviation is 6.997…: Incorrect
   4. The expected total profit is €1.804 and the standard deviation is 12.120.: Incorrect Incorrect