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Problems Involving Mean and Variance of Probability Distribution

This document contains examples and objectives for calculating mean and variance of probability distributions. It includes examples of finding the expected gain from lottery tickets where one ticket wins a cash prize and the others win nothing. It also contains an example of calculating the expected value and variance of a coin toss game where a person wins $50 for heads and pays $30 for tails. The overall goal is to teach how to interpret and calculate mean and variance for discrete random variables from probability distributions.

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Ana Marie Valenzuela
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295 views13 pages

Problems Involving Mean and Variance of Probability Distribution

This document contains examples and objectives for calculating mean and variance of probability distributions. It includes examples of finding the expected gain from lottery tickets where one ticket wins a cash prize and the others win nothing. It also contains an example of calculating the expected value and variance of a coin toss game where a person wins $50 for heads and pays $30 for tails. The overall goal is to teach how to interpret and calculate mean and variance for discrete random variables from probability distributions.

Uploaded by

Ana Marie Valenzuela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Example:
Find the variance of the monthly absences of Jemar
based on his previous of absences as presented in the
probability distribution below.

Number of Absences Percent


1 25%
2 30%
3 30%
4 15%
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Example:

Find the variance and standard deviation for rolling a


single dice.

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Problems involving mean and
variance of probability
distribution

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Objectives:
At the end of the lesson, you should be able to;
1. Interpret the mean and the variance of a discrete
random variable; and
2. Solve problems involving mean and variance of
probability distributions.

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Example 1:
The officers of SJA Class 71 decided to conduct a
lottery for the benefit of the less privileged
students of their alma mater. Two hundreds
tickets will be sold. One ticket will win P5,000
price and the other tickets will win nothing. If
you will buy one ticket, what will be your
expected gain?

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Example 2:
The officers of the faculty club of a public high
school are planning to sell 160 tickets to be
raffled during the Christmas party. One ticket will
win P3,000. The other tickets will win nothing. If
you are a faculty member of the school and you
will buy one ticket, what will be the expected
value and variance of your gain?

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Example 3:
Jack tosses an unbiased coin. He receives P50 if a
head appears and he pays P30 if a tail appears.
Find the expected value and variance of his gain.

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