This homework is due on November 19th. You may work in
groups of up to three. The more members in your group the higher
quality of work I will expect. You must choose one of the problems
below. You answers should be either carefully and very neatly
handwritten, or typed. Tables of data with a few sample calculations
would be ideal. You should also write in coherent sentences a
description of how the work was done and any answers to questions that
I asked below. I will slash points for sloppy work.
This will be worth 30 quiz points.
Project One
Find fifteen different state or national lottery games.
Describe the lottery games and then determine how many possible
tickets there are. If you have to pay 45% of all winnings to the IRS
determine how high the jackpot would need to be before it would pay
off to buy every ticket.
For one of the lotteries, concoct a harebrained scheme that would
enable you to buy every ticket in one week assuming that one person
can buy five tickets every two minutes. How many people would you
need, etc.
Project Two
Law Enforcement officials have long complained about the
growing number of license plates that make it difficult for them to
identify what state a car is from. You are going to devise a method
that makes the color scheme irrelevant.
For instance, one state could use four letters and a digit
(AAAA0) and another two letters and three digits
(AA000).
Assuming that we want only a combination of five digits or
letters on a plate (I know that most plates have more than this) and
that each car is issued a standard license plate, create a system for
each of the ten states below that generates enough plates for the cars
they have and is unique for each state.
| State | Cars |
| Maine | 650000 |
| Massachusetts | 3150000 |
| Connecticutt | 1700000 |
| New York | 9970000 |
| New Hampshire | 600000 |
| Vermont | 300000 |
| New Jersey | 420000 |
| Rhode Island | 502000 |
| Delaware | 390000 |
| Maryland | 2650000 |
Project Three
You are visiting Atlantic City and are playing video poker.
You have drawn the following five cards
. You have six possible
plays given this hand. You can discard any single card in your hand
or hold on to what you have. Given the cards you have, here are the
possible winning hands and their payouts.
List of possible hands and their payoff
Determine the best card to discard, if any. Back up your
strategy with calculations of the probability of different events.
You should assume the next card you get could be any of the 47 cards
remaining.
Remember: Life is a story problem.