Transcription of Solutions to Final Exam - MIT OpenCourseWare
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Solutions to Final Exam - MIT OpenCourseWare
Final Exam Solutions Part I: Concept questions (58 points) These questions are all multiple choice or short answer. You don t have to show any work. Work through them quickly. Each answer is worth 2 points. Concept 1. answer: C. (i) and (ii) Concept 2. answer: True Concept 3. answer: True Concept 4. answer: (i) Simple (ii) Composite (iii) One-sided Concept 5. answer: B. Concept 6. answer: 2. B Concept 7. (i) answer: A. P (A1). (ii) answer: C. P (B2|A1). (iii) answer: D. P (C1|B2 A1). (iv) answer: C. A1 B2 C1. Concept 8. answer: BAC. Concept 9. answer: p = use minimal strategy. If you use the minimal strategy the law of large numbers says your average winnings per bet will almost certainly be the expected winnings of one bet.
18.05 Final Exam Solutions Part I: Concept questions (58 points) These questions are all multiple choice or short answer. You don’t have to show any work.
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