Chapter 4. Discrete Random Variables Practice and Homework Solutions
Chapter 4. Discrete Random Variables Practice and Homework Solutions
71. (a)
x $6 $2 -$2
12 12
P (X ) ⋅ 0.5 = 0.115 ⋅ 0.5 = 0.115 ?
52 52
x $6 $2 -$2
(b) I expect to lose $0.62 on average, over the long run of this game.
1-(0.01+0.02+0.04)
P (X ) 1/100 = 0.01 2/100 = 0.02 4/100 = 0.04
= 0.93
I will win $8 on average, over the long run of this game. But I have to spend $10 to buy
a ticket, so I am actually losing $2 on average, over the long run of this game.
73.
x P (X ) x ⋅ P (X )
0 0.3 0 i 0.3 = 0
Total 1.6
(a) P (X = 2) = 0.1
(b) μ = E (x) = 0 ⋅ 0.3 + 1 ⋅ 0.2 + 2 ⋅ 0.1 + 3 ⋅ 0.4 = 1.6
74.
(d)
x $10 $5 -$6
1 2 3
P (X )
6 6 6
(e)
(f) I will take the deal. Over the long run I will win $$$. Woo-hoo!
BTW - NO game of chance (blackjack, roulette, craps, etc.) is set up for you to win in
the long run. Every game favors the casino.
75.
(a)
Software Company
x $5,000,000 $1,000,000 -$1,000,000
P (X ) 0.1 0.3 0.6
Hardware Company
x $3,000,000 $1,000,000 -$1,000,000
P (X ) 0.2 0.4 0.4
Biotech Firm
x $6,000,000 $0 -$1,000,000
P (X ) 0.1 0.7 0.2
(c) The safest investment is the biotech rm as 80% of the time you pro t or break even.
(d) The riskiest investment is the software company as only 40% of the time you pro t or
break even.
(e) The investment with the highest expected return is the hardware company.
fi
fi
fi
76.
x P (X ) x ⋅ P (X )
0 0.1 0
1 0.2 0.2
2 0.3 0.6
3 0.2 0.6
4 0.1 0.4
5 0.05 0.25
6 (or more) 0.05 0.3
Total 2.35
(a) P (X = 3) = 0.20
(b) The expected value represents the average number of children married adults in the
US have.
(c) μ = E (x) = 0 ⋅ 0.1 + 1 ⋅ 0.2 + 2 ⋅ 0.3 + 3 ⋅ 0.2 + 4 ⋅ 0.1 + 5 ⋅ 0.05 + 6 ⋅ 0.05 = 2.35 children
(d)
P (2 ≤ X ≤ 3) = P (X = 2) + P (X = 3)
= 0.3 + 0.2 = 0.5
P (4 ≤ X ≤ 6) = P (X = 4) + P (X = 5) + P (X = 6)
= 0.1 + 0.05 + 0.05 = 0.2
x P (X )
3 0.05
4 0.4
5 0.3
6 0.15
7 0.1
80.
(a)
x 30 60 70 100
1 8 1 4
P (X )
14 14 14 14
1 8 1 4
μ = 30 ⋅ + 60 ⋅ + 70 ⋅ + 100 ⋅ = 70 students
14 14 14 14
(b) To me, this is the same question as asked in (a). If you think this is asking a different
question, let me know.
x $0 $5 $25 $100
9,690 250 50 10
P (X )
10,000 10,000 10,000 10,000
9,690 250 50 10
μ = $0 ⋅ + $5 ⋅ + $25 ⋅ + $100 ⋅ = $0.35
10,000 10,000 10,000 10,000
A fair price to break even is 35 cents.
83. X = the number of patients who actually have the u when they claim they have it
The problem didn’t ask for a pdf and I wouldn’t write out a table for this usually because
the table is a beast. But I want to do it here just to try to connect the idea between a
‘table’ problem and a ‘binomial’ problem. You could make a table for any binomial
variable, but we have formulas that make the problems faster to solve.
x 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
84.
⇒ X ∼ B (25, 0.04)
85.
P (X ≥ 4) = 1 − P (X ≤ 3)
= 1 − binomcdf (25, 0.04, 3)
= 0.017
87. x P (X )
(a) X = number of students who will attend Tet festivities this year
(d)
X ∼ B (12, 0.3694)
(a)
91.
(c)
(a) X = number of colleges offering online courses, i.e. distance learning courses
(f) P (X = 12) = binompdf (13, 0.96, 12) = 0.319, P (X = 13) = binompdf (13, 0.96, 13) = 0.588
96.
(b) x = 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22
(a) X = number of seniors who participated in after-school sports all four years of high
school
Yes, I would be surprised if no seniors participated in sports all 4 year of high school as
there is only a 0.7% chance of this occurring.
It is more likely that 4 of the seniors participated in after-school sports all four years of
high school, but only slightly more likely that 4 of the seniors participating all four years.
99.
(a) X = the number of audits a person with that income has in a 20 year period
(b) x = 0, 1, 2, ..., 11
It is more likely that none of the residents surveyed will have adequate earthquake
supplies.