(a)
To find:
The standard deviation of this distribution and interpret it.
Answer to Problem 5CR
Solution:
The standard deviation tells how much the result varies from the
Explanation of Solution
Given:
Number of heads in five tosses of a coin.
Formula Used:
The
Where
The variance for a discrete probability distribution of random variable X is given by
Where
Calculation:
The possible combination of a coin which had tossed five times:
H | H | H | H | H |
H | H | H | H | T |
H | H | H | T | H |
H | H | H | T | T |
H | H | T | H | H |
H | H | T | H | T |
H | H | T | T | H |
H | H | T | T | T |
H | T | H | H | H |
H | T | H | H | T |
H | T | H | T | H |
H | T | H | T | T |
H | T | T | H | H |
H | T | T | H | T |
H | T | T | T | H |
H | T | T | T | T |
T | H | H | H | H |
T | H | H | H | T |
T | H | H | T | H |
T | H | H | T | T |
T | H | T | H | H |
T | H | T | H | T |
T | H | T | T | H |
T | H | T | T | T |
T | T | H | H | H |
T | T | H | H | T |
T | T | H | T | H |
T | T | H | T | T |
T | T | T | H | H |
T | T | T | H | T |
T | T | T | T | H |
T | T | T | T | T |
Total number of possible combinations are 32.
Let X denotes the number of heads.
The probability distribution table is shown below:
X | 0 | 1 | 2 | 3 | 4 | 5 |
P(X = x) |
The expected value can be calculated as follows:
The standard deviation is calculated as follows:
Therefore, the standard deviation tells how much the result varies from the mean value. So, the results may vary from the mean 2.5 by about 1.118 on average.
(b)
To find:
The standard deviation for the coin toss distribution and if it matches the one with calculated in part (a).
Answer to Problem 5CR
Solution::
The standard deviation for the coin toss distribution is 1.118 and it matches the one with calculated in part (a).
Explanation of Solution
Formula Used:
For a binomial distribution, the variance is given by
Calculation:
The probability of success in a coin toss is
The standard deviation value matches the standard deviation value from part (a) because a binomial distribution is inherently a discrete probability distribution and the expected value is the mean of a binomial distribution. The standard deviation value indicated how the results will vary from the mean. Since the mean is the same as expected value, it makes sense that the standard deviation values of (a) and (b) matched.
Want to see more full solutions like this?
Chapter 5 Solutions
Beginning Statistics, 2nd Edition
- You want to make a salad from whatever vegetable you have in the fridge. You have seven different tomatoes. There are 2 red tomatoes, 4 yellow tomatoes, and one black tomato in the fridge. You have three different bell peppers. There is 1 red pepper, 1 yellow pepper, and 1 green pepper. What is the probability of randomly choosing a vegetable and getting a red tomato, and a green pepper? Round your answer to four decimal places.arrow_forwarduppose automobile insurance companies gave annual premiums for top-rated companies in several states. The figure below shows box plots for the annual premium for urban customers in three states. Which state offers the lowest premium? Which state offers the highest premium?arrow_forwardWing Foot is a shoe franchise commonly found in shopping centers across the United States. Wing Foot knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that a new Wing Foot store grosses over $940,000 its first year. Let B be the event that a store grosses over $940,000 its second year. Wing Foot has an administrative policy of closing a new store if it does not show a profit in either of the first two years. Assume that the accounting office at Wing Foot provided the following information: 58% of all Wing Foot stores show a profit the first year; 72% of all Wing Foot store show a profit the second year (this includes stores that did not show a profit the first year); however, 86% of Wing Foot stores that showed a profit the first year also showed a profit the second year. Compute P(B|Ac). Round your answer to the nearest hundredth.arrow_forward
- You draw two cards from a standard deck of 52 cards, but before you draw the second card, you put the first one back and reshuffle the deck. If you get a3on the first card, find the probability of drawing a 3 for the second card.arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the coefficient of variation for each fund. Round your answers to the nearest tenth. x: 14 0 37 21 35 23 24 -14 -14 -17 y: 8 -2 29 17 22 17 17 -2 -3 -8arrow_forwardWhat percentage of the general U.S. population have bachelor's degrees? Suppose that the Statistical Abstract of the United States, 120th Edition, gives the following percentage of bachelor’s degrees by state. For convenience, the data are sorted in increasing order. 17 18 18 18 19 20 20 20 21 21 21 21 21 22 22 22 22 22 23 23 24 24 24 24 24 25 25 25 25 26 26 26 26 26 26 27 27 27 28 28 28 29 29 31 31 32 32 34 35 38 Illinois has a bachelor's degree percentage rate of about 18%. Into what quartile does this rate fall?arrow_forward
- What percentage of the general U.S. population have bachelor's degrees? Suppose that the Statistical Abstract of the United States, 120th Edition, gives the following percentage of bachelor’s degrees by state. For convenience, the data are sorted in increasing order. 17 18 18 18 19 20 20 20 21 21 21 21 21 22 22 22 22 22 23 23 24 24 24 24 24 25 25 25 25 26 26 26 26 26 26 27 27 27 28 28 28 29 29 31 31 32 32 34 35 38 Illinois has a bachelor's degree percentage rate of about 18%. Into what quartile does this rate fall?arrow_forwardFind the range for the following sample data. x 23 17 11 30 27arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the sample mean for x and for y. Round your answer to the nearest tenth. x: 11 0 36 22 34 24 25 -11 -11 -22 y: 9 -3 28 14 23 16 14 -3 -4 -9arrow_forward
- Do bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the range for variable y. X 12 0 36 21 35 23 24 -12 -12 -21 Y 10 -2 26 15 22 18 15 -2 -3 -10arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the range for variable y. X 12 0 36 21 35 23 24 -12 -12 -21 Y 10 -2 26 15 22 18 15 -2 -3 -10arrow_forwardDo bonds reduce the overall risk of an investment portfolio? Let x be a random variable representing annual percent return for the Vanguard Total Stock Index (all Stocks). Let y be a random variable representing annual return for the Vanguard Balanced Index (60% stock and 40% bond). For the past several years, assume the following data. Compute the range for variable x. X 15 0 37 23 33 25 26 -15 -15 -23 Y 6 -1 28 18 24 17 18 -1 -2 -6arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman