Probability Distribution In a game of chance, players draw one cube out of a bag containing 3 red cubes, 2 white cubes, and 1 blue cube. The player wins $5 if a blue cube is drawn, the player loses $2 if a white cube is drawn. If a red cube is drawn, the player does not win or lose anything. a. Create a table that shows the probability distribution for the amount of money a player will win or lose when playing this game. b. Draw a graph of the probability distribution you created in part a.
Probability Distribution In a game of chance, players draw one cube out of a bag containing 3 red cubes, 2 white cubes, and 1 blue cube. The player wins $5 if a blue cube is drawn, the player loses $2 if a white cube is drawn. If a red cube is drawn, the player does not win or lose anything. a. Create a table that shows the probability distribution for the amount of money a player will win or lose when playing this game. b. Draw a graph of the probability distribution you created in part a.
Solution Summary: The author determines the probability distribution function for the amount of money the player will win or loose.
Probability Distribution In a game of chance, players draw one cube out of a bag containing 3 red cubes, 2 white cubes, and 1 blue cube. The player wins
$5
if a blue cube is drawn, the player loses
$2
if a white cube is drawn. If a red cube is drawn, the player does not win or lose anything.
a. Create a table that shows the probability distribution for the amount of money a player will win or lose when playing this game.
b. Draw a graph of the probability distribution you created in part a.
Definition Definition Probability of occurrence of a continuous random variable within a specified range. When the value of a random variable, Y, is evaluated at a point Y=y, then the probability distribution function gives the probability that Y will take a value less than or equal to y. The probability distribution function formula for random Variable Y following the normal distribution is: F(y) = P (Y ≤ y) The value of probability distribution function for random variable lies between 0 and 1.
During busy political seasons, many opinion polls are conducted. In apresidential race, how do you think the participants in polls are generally selected?Discuss any issues regarding simple random, stratified, systematic, cluster, andconvenience sampling in these polls. What about other types of polls, besides political?
Please could you explain why 0.5 was added to each upper limpit of the intervals.Thanks
28. (a) Under what conditions do we say that two random variables X and Y are
independent?
(b) Demonstrate that if X and Y are independent, then it follows that E(XY) =
E(X)E(Y);
(e) Show by a counter example that the converse of (ii) is not necessarily true.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Bayes' Theorem 1: Introduction and conditional probability; Author: Dr Nic's Maths and Stats;https://www.youtube.com/watch?v=lQVkXfJ-rpU;License: Standard YouTube License, CC-BY
What is Conditional Probability | Bayes Theorem | Conditional Probability Examples & Problems; Author: ACADGILD;https://www.youtube.com/watch?v=MxOny_1y2Q4;License: Standard YouTube License, CC-BY
Bayes' Theorem of Probability With Tree Diagrams & Venn Diagrams; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=OByl4RJxnKA;License: Standard YouTube License, CC-BY