PROPERTIES OF RANDOM VARIABLES (MATH)1. In your own words, what is a random variable?2. A wallet containing four 100 peso bills, two 200 peso bills, three 500 peso bills, and one1,000 peso bill. Construct a probability distribution for the data.3. In applying probability in real life situation, why do we need to study the concept ofProbability Distribution?4. Give me a situation that gives the differences between discrete and continuous randomvariable.

1 . Random variable ? Let me explain in simple words , first what is it ? - A Function f : S →…

Answered: PROPERTIES OF RANDOM VARIABLES (MATH)…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Just answer as many problem you desire
3. Same Questions
What is the significance of the mean of a probability distribution? Choose the correct answer below. O A. It represents the most likely possible outcome. B. It is the expected value of a discrete random variable. OC. It can never be negative. OD. It gives information about how the outcomes vary.
Suppose you are playing a game. The random variable, Y, represents your net profit in dollars. The probability distribution of Yis as follows. (Round your answers to 4 decimal places, if needed.) y -3 -2 3 PY= y) 0.15 0.22 ? 0.22 0.15 (a) What is the mean for net profit?
Response 7. In a national survey college students were asked, "How often do you wear a seat belt when riding in a car driven by someone else?" The response frequencies appear in the table to the right. (a) Construct a probability model for seat-belt use by a passenger. (b) Would you consider it unusual to find a college student who never wears a seat belt when riding in a car driven by someone else? 135 Kɔuenba Never Rarely 335 Sometimes 542 Most of the time 991 Always (a) Complete the table below. Response Probability Never (Round to the nearest thousandth as needed.) Rarely (Round to the nearest thousandth as needed Sometimes (Round to the nearest thousandth as needed.) Most of the time (Round to the nearest thousandth as needed.) Always (Round to the nearest thousandth as needed.) (b) Would you consider it unusual to find a college student who never wears a seat belt when riding in a car driven by someone else? O A. Yes, because P(never)< 0.05. O B. No, because the probability of an…
Which of the following is/are TRUE about binomial probability distribution? I The experience consists of n repeated trials. II. There are many possible outcomes. III. The repeated trials are dependent. IV. The probability of success is constant. a. II Only b. IV only c. II and III d. I and IV
What is the answer? Use a step by step anf handwritten calculation.
What is the significance of the mean of a probability distribution? Choose the correct answer below. OA. It gives information about how the outcomes vary. OB. It is the expected value of a discrete random variable. OC. It can never be negative. OD. It represents the most likely possible outcome. C
12. Overdraft fees at a large banks range from $10 to $35. Consumers believe these charges are annoying and excessive, bnt the fees generate large revennes for banks. Let X be the amount of an overdraft fee for a randomly selected bank The probability distribution of X is given in the table. Round your answer to three decimal places as necessary. $35 $30 0.20 $15 $20 $25 $10 0.05 0.30 0.25 0.10 P(x) a) Fill in the missing probability in the table. b) Find the probability that the overdraft fee at a large bank is at least $20. c) Compute the mean overdraft fee. d) Compute the standard deviation of overdraft fees. T hp
6. A lightbulb will work until failure. Being a cheap Chinese import the lightbulb has a 0.001 chance of failure each time you turn on the lightbulb. We can think of failure when you turn on the lights as a Geometric Distribution A. What is a "success" for this Geometric Distribution? B. Find the probability of "success" or p for this Geometric Distribution. C. Find the probability of "not success" or q
DIRECTIONS. Solve for the following. Write your answer on separate sheet of paper. 1. Find the mean or expected value of the following probability distribution. 1 2 3 4 P(x) 0.11 0.22 0.33 0.25 0.09
Answers 0.025 0.975 0.611 0.389

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS