A lottery game works as follows: You have to pick 4 integers (without replacement) between 1 and 14 (inclusive). The lottery operator chooses 4 numbers (without replacement) between 1 and 14 (also inclusive). If exactly two of the numbers you have chosen are among the four chosen by the operator, you win $10; if exactly three of the numbers you have chosen are among the four chosen, you win $ 100; if all four of your numbers match you win $1000. Otherwise, you have to pay $ 75. A random variable X represents your profit. (a) Complete the probability distribution of X, your profit resulting from playing this game, listing from smallest to largest. For each probability use four decimals in your answer. X P(X=x) (b) Sketch the distribution of probabilities from (a), with the values of X on the x-axis-and P(X = z) on the y- axis. What can you say about the tendency of the random variable X? The distribution of X is ? (c) Compute the expected value of X and the standard deviation of X. E(X)=(use two decimals in your answer) SD(X) = (use two decimals in your answer)
A lottery game works as follows: You have to pick 4 integers (without replacement) between 1 and 14 (inclusive). The lottery operator chooses 4 numbers (without replacement) between 1 and 14 (also inclusive). If exactly two of the numbers you have chosen are among the four chosen by the operator, you win $10; if exactly three of the numbers you have chosen are among the four chosen, you win $ 100; if all four of your numbers match you win $1000. Otherwise, you have to pay $ 75. A random variable X represents your profit. (a) Complete the probability distribution of X, your profit resulting from playing this game, listing from smallest to largest. For each probability use four decimals in your answer. X P(X=x) (b) Sketch the distribution of probabilities from (a), with the values of X on the x-axis-and P(X = z) on the y- axis. What can you say about the tendency of the random variable X? The distribution of X is ? (c) Compute the expected value of X and the standard deviation of X. E(X)=(use two decimals in your answer) SD(X) = (use two decimals in your answer)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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