Finite Mathematics : Finite Mathematics

Study concepts, example questions & explanations for Finite Mathematics

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Example Questions

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Example Question #3 : Independence

The four aces, the four deuces, and the joker are separated from a standard deck of 53 cards. Two cards are selected at random from the nine, without replacement. What is the probability that both cards will be red?

Note: The joker is considered to be neither red nor black.

Possible Answers:

Correct answer:

Explanation:

Two cards are drawn from the deck without regard to order, so the sample space  is the set of all combinations of two cards from a set of nine. The size of this sample space is 

The event is the set of all combinations of two cards from the set of four red cards. The size of this event space is

The probability of the event is

Example Question #1 : Markov Chains

Use a calculator with matrix arithmetic capability for this problem.

Forman County has 2,500 voters - 1,000 registered Democrats and 1,500 registered Republicans. Every year, 1% of the Democrats become Republicans, and 2% of the Republicans become Democrats. Ignoring other factors, after five years, by how much (nearest hundred) will Republicans outnumber Democrats in Forman County?

Possible Answers:

Republicans will outnumber Democrats by about 100.

Republicans will outnumber Democrats by about 300.

Republicans will outnumber Democrats by about 400.

Republicans will outnumber Democrats by about 200.

Democrats will outnumber Republicans.

Correct answer:

Republicans will outnumber Democrats by about 300.

Explanation:

This problem can be modeled using a Markov chain matrix. If we let the rows represent the initial party affiliation, the columns represent final party affiliation, and Democrats be represented by the first row and column, the Markov matrix that represents the system is

The initial state of the Markov system can be represented by the row vector

The distribution of Democrats and Republicans after five years can be determined by evaluating the product

.

Using a calculator, we can determine that this is

The second number will be larger, so there will be more Republicans. Also, the difference will be

.

Republicans will outnumber Democrats by about 300.

Example Question #1 : Games And Decisions

Consider the following payoff matrix for a game:

Give the value of the saddle point entry of the matrix, if it exists.

Possible Answers:

The matrix has no saddle point.

Correct answer:

Explanation:

If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:

 

Of these three entries, only 75 is the maximum of its column. This is the correct choice.

Example Question #1 : Games And Decisions

Consider the following payoff matrix for a game:

Give the value of the saddle point entry of the matrix, if it exists.

Possible Answers:

The matrix has no saddle point.

Correct answer:

Explanation:

If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minmum element of each row is shown in red:

Both saddle point entries are in Column 3, so we select the greater of the two, , as the saddle point entry.

Example Question #101 : Finite Mathematics

Consider the following payoff matrix for a game:

Give the value of the saddle point entry of the matrix, if it exists.

Possible Answers:

The matrix has no saddle point.

Correct answer:

Explanation:

If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:

Of the three, only 100 is the maximum element of its column. This is the saddle point entry.

Example Question #1 : Games And Decisions

Consider the following payoff matrix for a game:

Give the value of the saddle point entry of the matrix, if it exists.

Possible Answers:

The matrix has no saddle point.

Correct answer:

Explanation:

If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:

Of the three, only 500 is the maximum of its column, making 500 the saddle point entry.

Example Question #1 : Data Description And Probability Distributions

The water temperatures in a certain lake over the course of the last seven days are as follows.

Calculate the mean water temperature. 

Possible Answers:

Correct answer:

Explanation:

To calculate the mean of the water temperatures first recall the formula for mean.

Now substitute in the values from the problem and solve.

 

Example Question #1 : Data Description And Probability Distributions

Consider the set

Which is a true statement?

(a) 15 is the mean of the data set.

(b) 15 is the median of the data set.

(c) 15 is the mode of the data set.

Possible Answers:

(a) , (b), and (c)

(a) and (b) only

(a) and (c) only

(b) and (c) only

None of the three

Correct answer:

(b) and (c) only

Explanation:

The mean of a data set is the sum of the elements divided by the number of elements. Add the elements, then divide by 7:

.

15 is not the mean.

The median of the data set with an odd number of values is the value that is in the exact center if the elements are arranged in ascending order. The data set is already as such; the center element is 15, as seen below:

That makes 15 the median.

The mode of the data set is the value that appears most frequently. The only value that appears multiple times is 15, as seen below:

.

That makes 15 the mode.

Statements (b) and (c) are correct, but not Statement (a).

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