Consider the sample space {a,b,c,d,e} with probabilities, respectively, .1,.2,.3,.2,.2. Verify that this is a probability space. The random variable X is given by X(a)=1, X(b)=2, X(c)=3. X(d)=4 and X(e)=5. Compute the expected value and variance of X. Let X2 be two iterations of X, addeed, independently. Write down an appropriate probability space for this and compute the expected value and variance of X2 two different ways- directly from the probability space, and also by using our theorems, (If you think of X as the outcome of some game, then X2 is the result of playing the game twice, independently.)

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Consider the sample space
{a,b,c,d,e} with probabilities, respectively,
.1,.2,.3,.2,.2. Verify that this is a probability
space. The random variable X is given by
X(a)=1, X(b)=2, X(c)=3. X(d)=4 and X(e)=5.
Compute the expected value and variance of X.
Let X2 be two iterations of X, addeed,
independently. Write down an appropriate
probability space for this and compute the
expected value and variance of X2 two
different ways- directly from the probability
space, and also by using our theorems, (If you
think of X as the outcome of some game, then
X2 is the result of playing the game twice,
independently.)
Transcribed Image Text:Consider the sample space {a,b,c,d,e} with probabilities, respectively, .1,.2,.3,.2,.2. Verify that this is a probability space. The random variable X is given by X(a)=1, X(b)=2, X(c)=3. X(d)=4 and X(e)=5. Compute the expected value and variance of X. Let X2 be two iterations of X, addeed, independently. Write down an appropriate probability space for this and compute the expected value and variance of X2 two different ways- directly from the probability space, and also by using our theorems, (If you think of X as the outcome of some game, then X2 is the result of playing the game twice, independently.)
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