4. (a) Consider a nonnegative, integer valued random variable Y, and a random sample X1, ·.. , Xn. Assume Y and all the X;'s are independent. Find E(X1 + . ..+ Xy) in terms of E(X1) and E(Y). (b) Suppose each person who logs onto Amazon.com on Christmas Eve is expected to spend $80. One hundred people are randomly chosen to see how much is spent by them. Each of them visits Amazon.com with probability 60%. How much money do we expect this group of people to spend at Amazon.com?
4. (a) Consider a nonnegative, integer valued random variable Y, and a random sample X1, ·.. , Xn. Assume Y and all the X;'s are independent. Find E(X1 + . ..+ Xy) in terms of E(X1) and E(Y). (b) Suppose each person who logs onto Amazon.com on Christmas Eve is expected to spend $80. One hundred people are randomly chosen to see how much is spent by them. Each of them visits Amazon.com with probability 60%. How much money do we expect this group of people to spend at Amazon.com?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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