Date | May 2021 | Marks available | 2 | Reference code | 21M.2.SL.TZ2.9 |
Level | Standard Level | Paper | Paper 2 | Time zone | Time zone 2 |
Command term | Find | Question number | 9 | Adapted from | N/A |
Question
All answers in this question should be given to four significant figures.
In a local weekly lottery, tickets cost each.
In the first week of the lottery, a player will receive for each ticket, with the probability distribution shown in the following table. For example, the probability of a player receiving is . The grand prize in the first week of the lottery is .
If nobody wins the grand prize in the first week, the probabilities will remain the same, but the value of the grand prize will be in the second week, and the value of the grand prize will continue to double each week until it is won. All other prize amounts will remain the same.
Find the value of .
Determine whether this lottery is a fair game in the first week. Justify your answer.
Given that the grand prize is not won and the grand prize continues to double, write an expression in terms of for the value of the grand prize in the week of the lottery.
The week is the first week in which the player is expected to make a profit. Ryan knows that if he buys a lottery ticket in the week, his expected profit is .
Find the value of .
Markscheme
considering that sum of probabilities is (M1)
A1
[2 marks]
valid attempt to find (M1)
A1
No, not a fair game A1
for a fair game, would be OR players expected winnings are R1
[4 marks]
recognition of GP with (M1)
OR A1
[2 marks]
recognizing (M1)
correct expression for week (or week) (A1)
correct inequality (accept equation) (A1)
OR
EITHER
OR (A1)
OR
in week or in week (A1)
THEN
A1
expected profit per ticket (M1)
A1
[7 marks]