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Assignment - Probability Distribution & Expected Value

This document contains a worksheet with questions about discrete probability distributions and expected values. It asks the student to determine if several examples are probability distributions, identify random variables as discrete or continuous, construct probability distributions, calculate expected values, and determine if several games based on probability are fair based on their expected values.

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Abhishek
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© © All Rights Reserved
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Download as DOC, PDF, TXT or read online on Scribd
51 views

Assignment - Probability Distribution & Expected Value

This document contains a worksheet with questions about discrete probability distributions and expected values. It asks the student to determine if several examples are probability distributions, identify random variables as discrete or continuous, construct probability distributions, calculate expected values, and determine if several games based on probability are fair based on their expected values.

Uploaded by

Abhishek
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Student Name: ___________

Discrete Probability Distributions Worksheet

1. Determine if the following are probability distributions (if no, state why).

a. X 3 6 9 12 15
P(X) 4/9 2/9 1/9 1/9 1/9

b. X 1 2 3 4 5
P(X) 3/10 1/10 1/10 2/10 3/10

c. X 20 30 40 50
P(X) 1.1 0.2 0.9 0.3

2. Determine if the following are discrete or continuous random variables:

a. The speed of a race car in mph.

b. The number of cups of coffee that Mrs. Lowery drinks each day.

c. The number of people that play the SC Lottery each day.

d. The weight of a rhinoceros.

e. The time it takes to complete Mrs. Lowery’s midterm.

f. The number of math majors at USC.

g. The blood pressures of patients at Lexington Medical Center.


Name: _____________________

3. From past experience, a company has found that in carton of transistors, 92% contain no
defective transistors, 3% contain one defective transistor, 3% contain two defective transistors,
and 2% contain three defective transistors.

a. Construct a probability distribution below.

X
P(X)

b. Calculate the Estimated value for the defective transistors.



4. The number of suits sold per day at Suit World is shown in the probability distribution below.

X 19 20 21 22 23
P(X) 0.2 0.2 0.3 0.2 0.1

a. Find the estimated value of the distribution.



5. Ms. Bergamini says that the average number of children per family in the U.S. is 3. The following
distribution represents the size of households according to the Census Bureau.

X 2 3 4 5 6 7+
P(X) .48 .21 .18 .08 .03 .02

a. Find the estimated value.



6. Below is the distribution of family incomes for families making less than $105,000 a year. A
randomly selected family would be expected to make how much money per year?

X 0 – 14,999 15,000 – 30,000 – 45,000 – 60,000 – 75,000 – 90,000 –


29,999 44,999 59,999 74,999 89,999 104,999
P(X) .102 .157 .182 .164 .148 .131 .116
Name: _____________________
a. Find the estimated value.



Games & Expectation

1. A box contains ten $1 bills, five $2 bills, three $5 bills, one $10 bill, and one $100 bill. A person
is charged $20 to select one bill. Find the expected value for this game. Is this game fair?

2. If a person rolls doubles when he tosses two dice, he wins $5. The cost to play the game is $1.
Is this game fair?

3. A raffle sells 100 tickets at $5 apiece. There is one $500 prize, five $100 prizes, and ten $50
prizes. What is the expected payout value?

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