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Probability Problem Set

This document contains 10 problems related to probability, statistics, and stochastic processes. The problems cover a range of topics including: - Finding the probability mass function (PMF) of the number of internet modems in use and customers needing a connection using an exact and Poisson approximation. - Calculating the probability of sharing a birthday with another party guest using exact and Poisson methods. - Determining the PMF to open a door with duplicate keys using different trial assumptions. - Computing the PMF of the number of girls in a family with natural and adopted children. - Calculating expected values and means for stock price changes, test scores, coin tosses, and geometric random variables.

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IshuDharmendraGarg
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511 views

Probability Problem Set

This document contains 10 problems related to probability, statistics, and stochastic processes. The problems cover a range of topics including: - Finding the probability mass function (PMF) of the number of internet modems in use and customers needing a connection using an exact and Poisson approximation. - Calculating the probability of sharing a birthday with another party guest using exact and Poisson methods. - Determining the PMF to open a door with duplicate keys using different trial assumptions. - Computing the PMF of the number of girls in a family with natural and adopted children. - Calculating expected values and means for stock price changes, test scores, coin tosses, and geometric random variables.

Uploaded by

IshuDharmendraGarg
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Department of Mathematics, IIT Madras

MA 2040 : Probability, Statistics and Stochastic Processes


January - May 2015
Problem Set - II
30.01.2015
1. An internet service provider uses 50 modems to serve the needs of 1000 customers. It is estimated that
at a given time, each customer will need a connection with probability 0.01, independent of the other
customers.
(a) What is the PMF of the number of modems in use at the given time?
(b) Repeat part (a) by approximating the PMF of the number of customers that need a connection
with a Poisson PMF.
(c) What is the probability that there are more customers needing a connection than there are
modems? Provide an exact, as well as an approximate formula based on the Poisson approximation
of part (b).
2. You go to a party with 500 guests (including yourself). What is the probability that exactly one
other guest has the same birthday as you? Calculate this exactly and also approximately by using the
Poisson PMF. (For simplicity, exclude birthdays on February 29).
3. You just rented a large house and the realtor gave you 5 keys, one for each of the 5 doors of the house.
Unfortunately, all keys look identical, so to open the front door, you try them at random.
(a) Find the PMF of the number of trials you will need to open the door, under the following
alternative assumptions:
(i) after an unsuccessful trial, you mark the corresponding key, so that you never try it again,
and
(ii) at each trial you are equally likely to choose any key.
(b) Repeat part (a) for the case where the realtor gave you an extra duplicate key for each of the 5
doors.
4. (a) A family has 5 natural children and has adopted 2 girls. Each natural child has equal probability
of being a girl or a boy, independent of the other children. Find the PMF of the number of girls
out of the 7 children.
(b) Let K be a random variable that takes, with equal probability 1/(2n + 1), the integer values in
the interval [n, n]. Find the PMF of the random variable Y = ln X, where X = a|K| , and a is a
positive number.
5. (St. Petersburg paradox). You toss independently a fair coin and you count the number of tosses until
the first tail appears. If this number is n, you receive 2n dollars. What is the expected amount that
you will receive? How much would you be willing to pay to play this game?
1

6. A stock market trader buys 100 shares of stock A and 200 shares of stock B. Let X and Y be the price
changes of A and B, respectively, over a certain time period. and assume that the joint PMF of X and
Y is uniform over the set of integers x and y satisfying
2 x 4,

1 y x 1.

(a) Find the marginal PMFs and the means of X and Y .


(b) Find the mean of the traders profit.
7. A class of n students takes a test consisting of m questions. Suppose that student i submitted answers
to the first mi questions.
(a) The grader randomly picks one answer, call it (I, J), where I is the student ID number (taking
values 1, . . . , n) and J is the question number (taking values 1, . . . , m). Assume that all answers
are equally likely to be picked. Calculate the joint and the marginal PMFs of I and J.
(b) Assume that an answer to question j, if submitted by student i, is correct with probability pij .
Each answer gets a points if it is correct and gets b points otherwise. Calculate the expected value
of the score of student i.
8. Consider four independent rolls of a 6-sided die. Let X be the number of 1s and let Y be the number
of 2s obtained. What is the joint PMF of X and Y ?
9. A coin that has probability of heads equal to p is tossed successively and independently until a head
comes twice in a row or a tail comes twice in a row. Find the expected value of the number of tosses.
10. Suppose that X and Y are independent, identically distributed, geometric random variables with
parameter p. Show that
P (X = i|X + Y = n) =

1
,
n1

i = 1, . . . , n 1.

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