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Discrete Random Variables: Homework is part of the collection col10555 written by Barbara Illowsky and Susan Dean Homework and provides a number of homework exercises related to Discrete Random Variables (binomial, geometric, hypergeometric and Poisson) with contributions from Roberta Bloom.

1. Complete the PDF and answer the questions.

x size 12{x} {} P ( X = x ) size 12{P \( X=x \) } {} x P ( X = x ) size 12{x cdot P \( X=x \) } {}
0 0.3
1 0.2
2
3 0.4

  • Find the probability that x = 2 size 12{X=2} {} .
  • Find the expected value.

  • 0.1
  • 1.6

Suppose that you are offered the following “deal.” You roll a die. If you roll a 6, you win $10. If you roll a 4 or 5, you win $5. If you roll a 1, 2, or 3, you pay $6.

  • What are you ultimately interested in here (the value of the roll or the money you win)?
  • In words, define the Random Variable X size 12{X} {} .
  • List the values that X size 12{X} {} may take on.
  • Construct a PDF.
  • Over the long run of playing this game, what are your expected average winnings per game?
  • Based on numerical values, should you take the deal? Explain your decision in complete sentences.

A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 10% chance of returning $5,000,000 profit, a 30% chance of returning $1,000,000 profit, and a 60% chance of losing the million dollars. The second company, a hardware company, has a 20% chance of returning $3,000,000 profit, a 40% chance of returning $1,000,000 profit, and a 40% chance of losing the million dollars. The third company, a biotech firm, has a 10% chance of returning $6,000,000 profit, a 70% of no profit or loss, and a 20% chance of losing the million dollars.

  • Construct a PDF for each investment.
  • Find the expected value for each investment.
  • Which is the safest investment? Why do you think so?
  • Which is the riskiest investment? Why do you think so?
  • Which investment has the highest expected return, on average?
  • $200,000;$600,000;$400,000
  • third investment
  • first investment
  • second investment

A theater group holds a fund-raiser. It sells 100 raffle tickets for $5 apiece. Suppose you purchase 4 tickets. The prize is 2 passes to a Broadway show, worth a total of $150.

  • What are you interested in here?
  • In words, define the Random Variable X size 12{X} {} .
  • List the values that X size 12{X} {} may take on.
  • Construct a PDF.
  • If this fund-raiser is repeated often and you always purchase 4 tickets, what would be your expected average winnings per raffle?

Suppose that 20,000 married adults in the United States were randomly surveyed as to the number of children they have. The results are compiled and are used as theoretical probabilities. Let X size 12{X} {} = the number of children

x size 12{x} {} P ( X = x ) size 12{P \( X=x \) } {} x P ( X = x ) size 12{x cdot P \( X=x \) } {}
0 0.10
1 0.20
2 0.30
3
4 0.10
5 0.05
6 (or more) 0.05

  • Find the probability that a married adult has 3 children.
  • In words, what does the expected value in this example represent?
  • Find the expected value.
  • Is it more likely that a married adult will have 2 – 3 children or 4 – 6 children? How do you know?
  • 0.2
  • 2.35
  • 2-3 children

Suppose that the PDF for the number of years it takes to earn a Bachelor of Science (B.S.) degree is given below.

x size 12{x} {} P ( X = x ) size 12{P \( X=x \) } {}
3 0.05
4 0.40
5 0.30
6 0.15
7 0.10

  • In words, define the Random Variable X size 12{X} {} .
  • What does it mean that the values 0, 1, and 2 are not included for x size 12{X} {} in the PDF?
  • On average, how many years do you expect it to take for an individual to earn a B.S.?

Questions & Answers

what is the stm
Brian Reply
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
Bharti
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
Daniel
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
Maciej
characteristics of micro business
Abigail
for teaching engĺish at school how nano technology help us
Anassong
How can I make nanorobot?
Lily
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
NANO
how can I make nanorobot?
Lily
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
s.
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
Tarell
what is the actual application of fullerenes nowadays?
Damian
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
Tarell
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Source:  OpenStax, Collaborative statistics (custom online version modified by t. short). OpenStax CNX. Jul 15, 2013 Download for free at http://cnx.org/content/col11476/1.5
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