A popular cricket club in Kumasi, has different categories of membership since its formation in 1960 when Ghana became a Republic. The following table shows the categories of membership, the annual...


A popular cricket club in Kumasi, has different categories of membership since its


              formation in 1960 when Ghana became a Republic. The following table shows the


              categories of membership, the annual subscription for each category of membership and


              the probability that a new member will join that category.
































Category of membership





Annual subscription ( GH¢ )





Probability





FULL





120.00





0.22





SENIOR





80.00





0.28





COUNTRY





75.00





0.12





JUNIOR





30.00





0.38





(a) Show that the mean subscription paid by new members is GH¢ 69.20

(b) Find the standard deviation of the subscription paid by new members

(c) As the ground capacity is limited, only 400 new members can be accepted during the coming year. The club is to stage an international match and so expects more than 400 applications for membership. As a result, it was decided that only applications for full membership would be accepted. How many full members would the club need to accept in order to receive more money in subscriptions than would have been provided by 400 members distributed as in the table given above?

(d) Give one disadvantage of the decision in part (c).


Jun 03, 2022
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