2. A random variable X = {0, 1, 2, 3} has probability mass function: 1 1 2 Px(0) = Px(1) = Px(2) = (a) Compute E(X). (b) Compute (X). (c) Compute E(X³). Px(3) = 1 3

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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**Problem 2: Discrete Random Variable Analysis**

A random variable \(X\) that takes values in the set \(\{0, 1, 2, 3\}\) is described by the following probability mass function:

- \(P_X(0) = \frac{1}{3}\)
- \(P_X(1) = \frac{1}{9}\)
- \(P_X(2) = \frac{2}{9}\)
- \(P_X(3) = \frac{1}{3}\)

Tasks:

(a) Compute the expected value \(E(X)\).

(b) Compute the standard deviation \(\sigma(X)\).

(c) Compute the expected value of the cube of \(X\), denoted as \(E(X^3)\).
Transcribed Image Text:**Problem 2: Discrete Random Variable Analysis** A random variable \(X\) that takes values in the set \(\{0, 1, 2, 3\}\) is described by the following probability mass function: - \(P_X(0) = \frac{1}{3}\) - \(P_X(1) = \frac{1}{9}\) - \(P_X(2) = \frac{2}{9}\) - \(P_X(3) = \frac{1}{3}\) Tasks: (a) Compute the expected value \(E(X)\). (b) Compute the standard deviation \(\sigma(X)\). (c) Compute the expected value of the cube of \(X\), denoted as \(E(X^3)\).
Expert Solution
Step 1: Given

X~{0,1,2,3}

P left parenthesis X equals 0 right parenthesis equals 1 third
P left parenthesis X equals 1 right parenthesis equals 1 over 9
P left parenthesis X equals 2 right parenthesis equals 2 over 9
P left parenthesis X equals 3 right parenthesis equals 1 third

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