Each day a veterinary clinic schedules 10 horses to be examined for a respiratory disease. The cost of each test is $80. The probability that a horse has the disease is 0.1. If the horse has the disease, the treatment costs $500. a) What is the probability that at least three horses will be diagnosed with the disease on any given day? b) What is the probability that at most four horses will be diagnosed with the disease on any given day? c) What is the expected profit per day that the clinic makes from examining horses and treating them for this disease?

Each day a veterinary clinic schedules 10 horses to be examined for a respiratory disease. The cost of each test is $80. The probability that a horse has the disease is 0.1. If the horse has the disease, the treatment costs $500. a) What is the probability that at least three horses will be diagnosed with the disease on any given day? b) What is the probability that at most four horses will be diagnosed with the disease on any given day? c) What is the expected profit per day that the clinic makes from examining horses and treating them for this disease?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

A die is rolled twice. What is the probability of showing a 5 on the first roll and an even number on the second roll? Your answer is: 0
Suppose that the probability that a child living in an urban area in the United States is obese is 20%. If a social worker sees 15 children living in urban areas, what is the probability that 5 are obese? Enter response as .xxxx
The odds in favor of Frank McKinnis winning a hot dog eating contest are 2:7. a. Determine the probability that Frank will win the contest. b. Determine the probability that Frank will not win the contest.
The probability that a sales representative will make a sale is o.20. If the representative talk to six customers, Find the probability that he will make at least four sales.
With two dice, the probability of rolling a 4 is higher than the probability of rolling an 10 with one roll. O True False
The odds in favor of Frank McKinnis winning a hot dog eating contest are 2:9 a. determine the probability that Frank will win the contest b. determine the probability that Frank will not win the contest.
Given that the probability of a family owning a dog is 0.91, and the probability of a family owning a cat and a dog is 0.15, what is the probability of a family owning a cat given that the family owns a dog?
Based on past experience, the store manager estimates that the probability that any one customer will make a purchase is .30. What is the probability that two of the next three customers will make a purchase?
Answering the following: A. Find the probability of drawing a catd that is red with an even number from a full deck of cards.B. Find the probability of drawing a card that is black without a number from a full deck of cards.
Help with questions A-E please
The probability of an adverse reaction to a pneumonia shot is 0.15. Pneumonia shots are given to a group of 12 people. What is the probability that none of them will have an adverse reaction?
The table below shows the number of deaths in the U.S. in a year due to a variety of causes. For these questions,assume these values are not changing from year to year, and that the population of the United States is 312 millionpeople. Cause of Death in US Cause Number of deaths Passenger car occupant 13,100 Motorcycle driver 4,500 Tornado 553 Skydiving 56 What is the probability that you died as a passenger car occupant last year?