Hey, do you guys think I have these answer right?
Bianca made up a new game to raise money for her dance club. She put 100 tickets into a small drum. Seven tickets had the number two on them, 23 had the number five, 34 had the number eight and there were 36 tickets with the number 11. A person donates the number of cents corresponding to the number on the ticket they draw from the drum. Bianca continues to select players until all tickets are gone.
Let X be the probability distribution of the number of cents donated.
1. The probability distribution for the random variable X is given in the table bellow.
a. Calculate how much Bianca can expect to make for her club using this game.
My answer:
E[X] = 2 x 0.07 + 5 x 0.23 + 8 x 0.34 + 11 x0.36 = 7.96
Not sure if thats $7.96 or I just got it wrong....
b. Calculate the variance of X
Seeing I had to use the above answer to figure this out.... It will be wrong if 1a. is incorrect.
My answer: 71.35
c. Calculate the expected values of the random variable Y = 10X+5
My answer:
E [Y] = 25 x 0.07 + 55 x 0.23 + 85 x 0.34 + 115 x 0.36
= 84.7
But Y = 10X+5
so E[10X+5] = 84.7
Therefore 10E[X]+5 = 7.9+5
= 12.9
d. Calculate the variance of the random variable Y+10X+5
My answer:
E[Y] = 84.7
E[Y^2] = 25^2 x 0.07 + 55^2 x0.23 + 85^2 x 0.34 + 115^2 + 0.36
= 16421.36 (2d.p)
This answer seems way too big..... =/
If you guys could please tell me whats correct and incorrect and maybe help me figure out the questions/answers that I got wrong.
Thanks heaps!
Bianca made up a new game to raise money for her dance club. She put 100 tickets into a small drum. Seven tickets had the number two on them, 23 had the number five, 34 had the number eight and there were 36 tickets with the number 11. A person donates the number of cents corresponding to the number on the ticket they draw from the drum. Bianca continues to select players until all tickets are gone.
Let X be the probability distribution of the number of cents donated.
1. The probability distribution for the random variable X is given in the table bellow.
X | 2 | 5 | 8 | 11 |
P(X=x) | 0.07 | 0.23 | 0.34 | 0.36 |
a. Calculate how much Bianca can expect to make for her club using this game.
My answer:
E[X] = 2 x 0.07 + 5 x 0.23 + 8 x 0.34 + 11 x0.36 = 7.96
Not sure if thats $7.96 or I just got it wrong....
b. Calculate the variance of X
Seeing I had to use the above answer to figure this out.... It will be wrong if 1a. is incorrect.
My answer: 71.35
c. Calculate the expected values of the random variable Y = 10X+5
My answer:
E [Y] = 25 x 0.07 + 55 x 0.23 + 85 x 0.34 + 115 x 0.36
= 84.7
But Y = 10X+5
so E[10X+5] = 84.7
Therefore 10E[X]+5 = 7.9+5
= 12.9
d. Calculate the variance of the random variable Y+10X+5
My answer:
E[Y] = 84.7
E[Y^2] = 25^2 x 0.07 + 55^2 x0.23 + 85^2 x 0.34 + 115^2 + 0.36
= 16421.36 (2d.p)
This answer seems way too big..... =/
If you guys could please tell me whats correct and incorrect and maybe help me figure out the questions/answers that I got wrong.
Thanks heaps!
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