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Questions 14-19 Karen is starting a career as a professional wildlife photographer and plans to photograph Canadian Geese at one of the staging grounds during

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Questions 14-19 Karen is starting a career as a professional wildlife photographer and plans to photograph Canadian Geese at one of the staging grounds during their migration in North Eastern Manitoba. She booked a place in a hide at the edge of a lake and plans to photograph the geese as they land on the water. For the price of a room in the Hilton ($200 per day), she gets a spot on a wooden bench shared by other photographers, a muddy floor, a bracket to mount her telephoto lens, a tent to sleep in and delicious meals of freshly caught fish. Last year, during a stay of 3 days in this hide, she got 2 shots worth $5000 each. She regards this as typical for this time of year although good shots happen at random and each day is independent of the others. To establish her reputation Karen only sells $5000 photographs. This year she has booked 4 days in the hide. Q14. What is Karen's expected (mean) revenue from her first day in the hide (a) $2000 (b) $3000 (c) $3333 (d) $5000 (e) $6667 Q15. What is the probability of getting two or more $5000 photos on the first day (a 0.114 (b ) 0.144 (c) 0.189 (d) 0.213 (e ) 0.856 Q16. What is the standard deviation (SD) of her revenue from one day (a) $950 (b) $1178 (c) $1546

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