Calculate the mean variance and standard deviation of y

Assignment Help Basic Statistics
Reference no: EM13579112

Question: Consider the following Table:

Y       0         1          2         3

P(Y) 0.10   0.30     0.40

(a) Complete the Table with the probability of P(X = 3).

(b) Calculate the mean, variance and standard deviation of Y.

(c) Suppose now we have a new random variable X = 2 + 3Y. Construct a 'Bible with the probability distribution of X for each value of Y and X.

(d) Calculate the mean, variance and standard deviation of X.

(e) Use the properties of the expected value and variance to obtain the ex­pected value of X, E(X), and the variance of X, V(X). Compare your answers.

Reference no: EM13579112

Questions Cloud

Management is considering a plant expansion program that : management is considering a plant expansion program that will permit an increase of 2480000 in yearly sales. the
Suppose now david has 5 contracts and now the probability : question david is an insurance broker who believes that the probability of making a sale is 0.3.a find the mean and
From a sample of past web site visits management learned : companies that do business over the internet can often obtain probability information about web site visitors from
Social security 6 on maximum earnings of 10000medicare tax : the following information is for employee james for the week ended march 15total hours worked48federal income tax
Calculate the mean variance and standard deviation of y : question consider the following tableynbspnbspnbspnbspnbspnbsp 0nbspnbspnbspnbspnbspnbspnbspnbsp
The cost of direct materials transferred into the filling : the cost of direct materials transferred into the filling department of rose petal lotion company is 18400. the
Suppose a bullseye store purchases 60000 of womenu2019s : suppose a bullseye store purchases 60000 of womenu2019s sportswear on account from muddy john on july 1 2011. credit
What is the probability of a household having income below : the following cross tabulation shows household income by educational level of the head of household statistical
Office universe supplies inc has cash and carry customers : office universe supplies inc. has cash and carry customers and credit customers. office universe estimates that 25 of

Reviews

Write a Review

Basic Statistics Questions & Answers

  Determine confidence interval of population mean

Standard deviation of sample was $3.53. Determine point estimate of population mean. Determine the 95% confidence interval of population mean. Suppose the variable is normally distributed.

  Find out the standard error of the proportion

a. Determine the sample proportion, p, of households with cellular telephones that can be used to access the Internet. b. If the population proportion is 0.40, determine the standard error of the proportion.

  Explain example of a simple random sample

A professor needs to select a volunteer for a project .which of the following would not be an example of a simple random sample ?A)he chooses a number between 00 and 99.

  Find the hourly rate for cars entering the tunnel

What is the hourly rate for cars entering the tunnel? Given rate is per minute therefore to get the hourly rate we need to x 60. Hourly rate -= 0.5 x 60 = 30 cars/hour.

  Test claim using wilcoxon rank-sum test

Use Wilcoxon rank-sum test to test at the .10 level of significance to test the claim that the difference in dosage have significant effect on the length of time it takes guinea pigs to fall asleep.

  A cable manufacturer has historically average

A cable manufacturer has historically averaged 2.6 flaws per 1000 meters length of wire production.

  Find the probability that class has average midterm mark

The marks on a statistics midterm test are normally distributed with a mean of 78 and a standard deviation of 6. What is the probability that a class of 50 has an average midterm mark that is more than 75?

  Probability that current player does not reach semifinals

Also suppose that the probability that the current player does not reach the semifanals of the tournament is 0.58 and that there is a 0.71 probability that jill is ranked next weekon the WTA circuit. What is the probability that the current player..

  Compute percentage of car models that get more mpg

What proportion of 330 cci cars fall between 26 to 30 miles per gallon range? Compute the percentage of each of the car models that get 30 or more mpg.

  Explaining strong negative correlation

When calculating correlation coefficient, what does a value of -2 indicate? Strong negative correlation, Weak negative correlation.

  Conclusions about tests of subjects in immunology study

In a sample of 49 adolescents who served as the subjects in an immunologic study, one variable of interest was the diameter of skin test reaction to an antigen.

  Which statistical analysis technique should be used

The users are then timed in their ability to setup and program the DVD by performing a series of operations. Which statistical analysis technique should be used? What is the null hypothesis? Can the market researcher get an answer? Why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd