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Assignment 3

This document provides instructions for Statistics assignment 3 due on November 3rd. It includes 8 problems related to probability and expected value calculations for discrete random variables. Students are to submit their assignment in the appropriate locker by the deadline, and late assignments will not be graded.

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Zechen Ma
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111 views

Assignment 3

This document provides instructions for Statistics assignment 3 due on November 3rd. It includes 8 problems related to probability and expected value calculations for discrete random variables. Students are to submit their assignment in the appropriate locker by the deadline, and late assignments will not be graded.

Uploaded by

Zechen Ma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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STATS 2D03 ASSIGNMENT 3

Due: FRIDAY Nov. 3rd, by 1 pm in the lockers on the first floor of Hamilton Hall
Note: Please put the assignment in the appropriate locker for your family name.
LATE ASSIGNMENTS WILL NOT BE GRADED

1.- Let X to be a discrete random variable with integer values and cumulative
distribution function:

0 𝑥 < −3
5/24 −3 ≤ 𝑥 < −2
1/2 −2 ≤ 𝑥 < −1
𝐹(𝑋) = 2/3 −1 ≤ 𝑥 < 0
5/6 0≤𝑥<1
11/12 1≤𝑥<2
{ 1 𝑥≥2

Compute the probability mass function for X and the expected value of X.

2.- A house insurance policy pays an amount of A dollars in the event that the insured
house is lost due to a hurricane. This event has a probability of p of occurring. If the
insurance company is to charge an amount for the protection that includes an
expected profit of 5% of A, what should they charge? Your answer will be an
expression with p.

3.- There are 20 black chocolates on a box. Although all look the same, 6 of them have
an espresso flavor, the others do not. Let X be the number of chocolates that you
test until you have got your first espresso flavored chocolate. What is the
probability mass function of X? That is, 𝑃(𝑋 = 𝑘) for integer values of k from 1 to
20?

4.- Two fair dice are rolled independently and the two numbers appearing on them are
added together. If they total 2, 9 or 12, you win $10; otherwise, you lose $2. In the
long run, how much do you expect to win or lose per roll?

5.- Suppose that the number of people admitted to a hospital each day for an urgent
treatment is a Poisson random variable with parameter λ=5. Find the probability
that at least 3 people were admitted today to the hospital for an urgent treatment.

Continued…

McMaster University, Fall 2017


6.- Let X be a discrete random variable with expected value 3 and variance 12.
Compute: 𝐸[(𝑥 + 5)2 ] + 𝑉𝑎𝑟[3𝑥 + 2]

7.- On average, 3.8 tornados hit the Midwest region in the Unites States in a year.
Calculate the probability that there will be 3 or more tornados hitting the region
next year.

8.- Consider a roulette wheel consisting of 38 numbers 1 through 36, 0 and a double 0.
If you always bet that the outcome will be one of the numbers 1 through 10, find
the probability that:
a) You will lose your first 6 bets
b) Your first win will occur on your 10th bet
c) How many bets do you expect to take to win 3 times?

McMaster University, Fall 2017

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