exercise:35d2c57048: Difference between revisions
From Stochiki
(Created page with "<div class="d-none"><math> \newcommand{\NA}{{\rm NA}} \newcommand{\mat}[1]{{\bf#1}} \newcommand{\exref}[1]{\ref{##1}} \newcommand{\secstoprocess}{\all} \newcommand{\NA}{{\rm NA}} \newcommand{\mathds}{\mathbb}</math></div> 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 offense costs nothing, the second costs 2 dollars, and subsequent offenses cost 5 dollars each....") |
No edit summary |
||
| Line 1: | Line 1: | ||
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 offense costs nothing, the second costs 2 dollars, and subsequent offenses 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? | |||
meter in Hanover. He assumes that there is a probability of .05 that he will be caught. The | |||
first offense costs nothing, the second costs 2 dollars, and subsequent offenses 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? | |||
Latest revision as of 01:10, 14 June 2024
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 offense costs nothing, the second costs 2 dollars, and subsequent offenses 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?