Tutorial 3
Tutorial 3
CHAPTER 3_ (Tutorial 3)
1. At UTP, the business students run an investment club. Each semester they
create investment portfolios in multiples of RM1,000 each. Records from the past
several years show the following probabilities of profits (rounded to the nearest
RM50). In the table below, x = profit per RM1, 000 and P(x) is the probability of
earning that profit.
x 0 50 100 150 200
x 0 1 2 3 4
f (x) 0.17 0.36 k 0.13 0.03
i. Determine the value of k that results in a valid probability distribution.
ii. Find the mean of x and the variance of x.
iii. What is the probability that the process is recalibrated fewer than two
times during a week?
k (1 x ) , 1 x 1
f ( x)
0 , elsewhere
Find
kx2 ,0 x 3
f ( x)
0 , elsewhere
Find
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RR/Tut. 3_May_2017