What is the variance

Assignment Help Mathematics
Reference no: EM131578899

Question: We have a dime and a fifty cent piece in a cup. We withdraw one coin. What is the expected amount of money we withdraw? What is the variance? Now we draw a second coin, without replacing the first. What is the expected amount of money we withdraw? What is the variance? Suppose instead we consider withdrawing two coins from the cup together. What is the expected amount of money we withdraw, and what is the variance? What does this example show about whether the variance of a sum of random variables is the sum of their variances.

Reference no: EM131578899

Questions Cloud

Compute the variance for the number of right answers : Estimate the probability that a person who knows 60% of the material gets a grade strictly between 50 and 70 in the test of Exercise.
Discuss a website that utilizes json : A website that utilizes JSON. Review the website source, and evaluate how the author created the pages - Identify what you liked or did not like
What are the organizations areas of weakness : Identify Areas of Weakness What are the organization's areas of weakness? Describe the Organization and the Issue to Resolve.
Calculate the economic value for east mullett manufacturing : Calculating Economic Value Added. East Mullett Manufacturing earned operating income last year as shown in the following income statement:
What is the variance : We have a dime and a fifty cent piece in a cup. We withdraw one coin. What is the expected amount of money we withdraw? What is the variance?
Advantages of managing database information in access : In addition, what are the advantages of managing database information in Access versus using a worksheet in Excel? remember to reference and cite all sources.
Write a program that displays a string welcome to java : Write a program that displays a string Welcome to Java around the circle, as shown in Figure
Discuss personal philosophy of leadership : Many organizations publicly define who they are through their vision, mission, and values statements. You can do the same as individuals
What benefits and challenges may develop : How do you think this will influence the future of public health? What benefits and challenges may develop?

Reviews

Write a Review

Mathematics Questions & Answers

  What is the balance in the account at the end of 20 years

The balance at the end of 20 years is 3 times the balance at the end of 10 years. What is the balance in the account at the end of 20 years?

  Probability that a family has exactly three boys

Assume that the probability a child is a boy is 0.51 and that the sexes of children born into a family are independent.

  How long would it take janet and tom to shovel

Janet can shovel snow from her driveway in 50 minutes. Tom can do the same job in 35 minutes. How long would it take Janet and Tom to shovel the driveway if they worked together?

  Find the area of the region enclosed by the curves

Find the area of the region enclosed by the curves y = 5cos((pi*x)/2) and y = 5-5x^2

  Interpret in the context of the problem in complete sentence

Find the value of x so that C(x) = 20.03 and interpret in the context of the problem in complete sentences. Round your answers to the nearest kilowatt-hour.

  Estimate the largest area that can be fenced

a farmer has 400 feet of fence with which to fence a rectangular plot of land. the plot lies along a river so that only three sides need to be fenced. estimate the largest area that can be fenced.

  Calculate the marginal after-tax winnings

Calculate the marginal after-tax winnings - find that jackpot size (to the nearest dollar) and explain what is significant (in terms of winnings) about that jackpot size.

  State what is the area of the largest possible norman

so that the diameter of the semicircle is equal to the width of the rectangle. What is the area of the largest possible Norman window with a perimeter of 20 feet

  Draw a venn diagram

Only two pupils take all the four subjects. Draw a Venn diagram and use it to find how many pupils take neither Physics nor Chemistry.

  Use cylindrical coordinates to evaluate the triple integral

Use Cylindrical coordinates to evaluate the triple integral SSS_E sqrt(x^2+y^2)dV, where E is the solid bounded by the circular paraboloid z=16-1(x^2+y^2) and the xy-plane.

  Construct the exchange table for this economy

An economy has three sectors: A, B, C. Sector A sells 20% of its output to B and 30% to C and retains the rest. Sector B sells 30% of its output to A and 40% to C and retains the rest. Sector C sells 50% of its output to A and 30% to B and retains..

  Constuct a piece wise defined function

Plot different members of the families y1=x2+C1 and y2=-x2+C2. Constuct a piece wise defined function- not a member of the previous two- which is also a solution of the same DE.

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