Question: ........ 3. [Maximum mark: 6] The probability distribution of the discrete random variable X is given by the table X 1 2 3 P( X

........ 3. [Maximum mark: 6] The probability distribution of the discrete

........ 3. [Maximum mark: 6] The probability distribution of the discrete random variable X is given by the table X 1 2 3 P( X =x) 0.2 0.4 0.4 Nikos selects a number at random. If he selects 1 he earns 10 E. If he selects 2 he earns 5 E. If he selects 3 he loses 4 E (a) Find the expected value of X. [3] (b) Find the expected value of the profit for Nikos. Is the game fair? [3]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 Mathematics Questions!

Fit to page Page view A Read aloud Add notes 1. Drug lots produced by pharmaceutical companies are subject to very strict regulations and controls by the U.S. Food an Drug Administration (FDA)....

09:35 7 101 4G 2 of 3 ematics . 1 of 3 05/1 1/20 @ MEI ..da@12100000838740661 from Courmaligraineauand3 04-2022 03:35:26 GMT -06:00 Innovation...

The probability distribution of the discrete random variable X is given below. The probability distribution of the discrete random variable X is given below. 3 6 X 1 3K f = , =0,1,2,3. (X) [X][T] [7]...

The following table gives the probability distribution of a discrete random variable X. Use the table to find the following probabilities. Round solutions to three decimal places, if necessary. x...

Explain why each of the following is or is not a valid probability distribution for a discrete random variable x: a. x p(x) .2 02 1 .3 23 b. x -2 p(x) .25 21 -1 0 .50 .20 c. X 4 9 20 p(x) -.3 1.0 .3...

Question 3 (Mandatory) (1 point) The following table gives probability distribution of a discrete random variable X. X 5 P(x) 0.3 0.2 0.3 0.1 0.1 Find P(X

The probability distribution of a discrete random variable X is given by x 0 1 2 3 4 p(x) ? 0.30 0.10 0.20 0.10 Find the missing probability in the table

The probability distribution of a discrete random variable X is given below. P(x) ?? 0.14 0.08 0.21 0.11 0.05 Determine the indicated probabilities. Round to 3 decimal places where necessary to...

8th-ed Chap 02, Sec 2.2, Problem 018 The accompanying table lists the 2010 median household incomes, rounded to the nearest dollar, for all 50 states and the District of Columbia. 2010 Median...

THANKYOU!!!! IM NOT OWNING THE TUTORS ANSWER 10. The following table shows the probability distribution of a discrete random variable X. Find the value of n. X 2 4 6 P(X) 0.40 0.15 n A. 0.15 B. 0.25...

Partial Question 1 0.5 / 1 pts Select all that apply: If a fair coin is tossed three times successively, then: The probability that exactly two heads appear in three successive tosses is 1/2. The...

Consider the following modification of the ultimatum game with jealousy preference. There are two players i = 1,2 bargain over how to split 1. Player 1 offers ($1,1-81), 81 [0, 1]. Then, player 2...

(a) What is meant by the resistance of a conductor ? Write the relation between resistance, potential difference and current. (b) When a 12 V battery is connected across an unknown resistor, there is...

serviceYour friend, Suzie Chang, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie s product will target two groups: day care...

Shady Sheds Ltd manufactures prefabricated sheds, ranging from industrial sheds and garden sheds down to small items such as dog kennels. In recent years, Shady Sheds Ltd has recorded accounting...

For each of the following numbers of electrons, give the formula of a positive ion that would have that number of electrons, and write the complete electron configuration for each ion. a. 10...

Part 1-3 has been answered previously but part 4 wasn't "Part 1: PLE originally produced lawn mowers, but a significant portion of sales volume over recent years has come from the growing small-...

1. develop a Project Scope Statement and to review it with the customer; 2. develop a Work Breakdown Structure of the project; 3. To develop a Project Network, to complete the forward and backward...

Requirements: Develop a Project Scope Statement and to review it with the customer; Develop a Work Breakdown Structure of the project; Develop a Project Network, to complete the forward and backward...

Insert Page Layout Data View 91 ECTID Become you to H Periodo 0 Period 1 N o - Period 2 10% 10% Moon Microsof servers and is open mare demano grow rapon the next two years Specially they expectance...

Engage everyone in the dialogue

1. Given your basic mental state, i.e. the state you often return to. Give this state a name that you recognize and that is easy to remember, such as irritability, frustration, joy, etc. Also give...

5. The next time a negative event occurs, or a negative memory occurs, think about how you need to perform to make this a success story.