Question

Three tables listed below show random variables and their probabilities. However, only one of these is...

Three tables listed below show random variables and their probabilities. However, only one of these is actually a probability distribution.

A

B

C

x

P(x)

x

P(x)

x

P(x)

25

0.1

25

0.1

25

0.1

50

0.3

50

0.3

50

0.3

75

0.4

75

0.4

75

0.4

100

0.2

100

0.4

100

0.6

a. Which of the above tables is a probability distribution?

(Click to select)BAC

b. Using the correct probability distribution, find the probability that x is: (Round the final answers to 1 decimal place.)

1. Exactly 75 =
2. No more than 50 =
3. More than 25 =

c. Compute the mean, variance, and standard deviation of this distribution. (Round the final answers to 2 decimal places.)

1. Mean µ
2. Variance σ2
3. Standard deviation σ

Homework Answers

Answer #1

a) To be a valid probability distribution, the sum of all proability must be equal to 1.

Sum for A = 0.1 + 0.3 + 0.4 + 0.2 = 1

Sum for B = 0.1 + 0.3 + 0.4 + 0.4 = 1.2

Sum for C = 0.1 + 0.3 + 0.4 + 0.6 = 1.4

So, Option-A) A is the correct answer.

b) P(exactly 75) = 0.4

P(no more than 50) = P(25) + P(50) = 0.1 + 0.3 = 0.4

P(more than 25) = 1 - P(25) = 1 - 0.1 = 0.9

c) Mean = E(X) = 25 * 0.1 + 50 * 0.3 + 75 * 0.4 + 100 * 0.2 = 67.5

E(X2) = 252 * 0.1 + 502 * 0.3 + 752 * 0.4 + 1002 * 0.2 = 5062.5

Variance = E(X2) - (E(X))2 = 5062.5 - 67.52 = 506.25

Standard deviation = sqrt(506.25) = 22.5

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