QUESTION 2a)A random variable Y has a discrete probability as shown in the following tablei)ii)iii)yP(Y = y)−11116Find the probability of Y is more than -1015Find the value of m given that the expected value of Y is6Compute the value of E(Y² - 2Y+1).13m1N|T2

( i ) E(Y)=5/6 ⇒Σ y*p(y) =5/6⇒-1*16+0*13+m*12=5/6⇒-16+m2=5/6⇒m2=56+16⇒m2=1⇒m=2

Answered: i) ii) iii) Find the value of m given…

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.4: Expected Value

Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...

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i) ii) iii) Find the value of m given that the expected value of Y is Find the probability of Y is more than -1 Compute the value of E(Y² - 2Y+1). 02167