Question: Simulate 100 values of a r.v. X assuming values 1, 0, and 1, with respective probabilities 0.3, 0.4, and 0.3. Compute E{X} and compare it

Simulate 100 values of a r.v. X assuming values −1, 0, and 1, with respective probabilities 0.3, 0.4, and 0.3. Compute E{X} and compare it with the average of the numbers you simulated. Did you get what had to be expected? What does it say about the quality of the random number generator you used?

Step by Step Solution

★★★★★

3.44 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

If the values are significantly different it might suggest an issue with the random number generator ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Probability And Stochastic Modeling Questions!

BHP Billiton, an Australian company, just paid $0.85 as a dividend, which is expected to grow at 5.0 per cent. Its most recent stock price is $72. Further, the company has a debt issue outstanding...

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Health Care Partners (HCP) was a 40-year-old company providing health care benefits for large corporations. In order to keep health care costs down for its clients, HCP needed to get a large group of...

A manufacturing system consists of five workstations, and at present stations 1, 2, 5 consist of 3, 2, 4, 3, and 1 identical machine(s), respectively, as shown. In effect, the system is a network of...

Assignment 1 1. Food A contains 20 units of vitamin x and 40 units of vitamin y per gram. Food B contains 30 units of each of vitamins x and y. The daily minimum human requirements of vitamin x and y...

2.7. Explicit Solutions to Dierential Equations 109 power (kw) 20 15 10 5 0 08:00 10:00 12:00 14:00 16:00 time 18:00 2.7 Explicit Solutions to Dierential Equations In the very rare case in which an...

The quantity of clients hanging tight for blessing wrap administration at a retail chain is a rv X with potential qualities 0, 1, 2, 3, 4 and comparing probabilities 0.1, 0.2, 0.3, 0.25, 0.15. A...

I get the matrix and the long run proportion. Unable to write the code. The programming has to be done in R. Preliminary: On any given day Eric is either cheerful (C), so-so (S), or glum (G). If he...

Question: The National Oil Company is considering bidding for an offshore oil drilling contract to be awarded by the government. Company management have determined the bid price to be $300 million,...

Solve the following questions (3-) Suppose the effort level chosen by the agent is observable by the principal. A wage contract then species an effort level (61 or cg), and an outputcontingent wage...

(a) Describe briefly three different types of standard which may be used as the basis for a standard costing system. (6) Two competing companies HERO Ltd. and ZERO Ltd. sell the same type of product...

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oil for purchase in June for $ 90 per barrel. Direct labor budgeted in the...

Which of the following notes payable at amortized cost is initially measured at present value? (1)Short-term non-interest bearing note containing a significant financing component. (2) Long-term...

How would you suggest that Lane fi nd out if he would be happy in this business? LO.1

Will Walmart be successful against Amazon.com? Explain your answer.

Describe the knowledge management problem discussed in this case study.

What management, organization, and technology factors contributed to the problem?

Problem # 3 : Solve the following initial value problem analytically ( by hand ) . y ' = 1 3 y - e - 7 x , y ( 0 ) = 7 Enter your answer as a 3 2 2 * * ( e - 7 * * x ) + ( 1 5 1 2 2 * * e x 3 ) 3 2 2...

Provide a General Refine Evalulation Language (GREL) such that: If it contains the text discount or offer or sale, then set the value in has_offer as 1, else 0. Provide the GREL expression used to...

analizar los puntos clave que provocaron el fraude masivo de Enron. A partir de su anlisis, recomiende una (1) forma que los auditores podran haber tomado para prevenir o detectar el fraude