Discrete uniform distribution, Mathematics

Assignment Help:

Discrete Uniform Distribution

Acme Limited is a car manufacturer. The company can paint the car in 3 possible colors: White, Black and Blue. Until the population is sampled, the company does not know the demand for each color. Until such time, the company should assume that probability of demand for each color equals one-third.

If White, Black and Blue denote the events "Demand for White/Black/Blue car"

P(White) = P(Black) = P(Blue) = 1/3.

The Standard Discrete Uniform Distribution is obtained by representing events E1, E2, ....., EK by the numbers 1, 2, ....., K.

(Remember, a random variable must assume numerical values.)

In the above example

Event

X

P(X)


White

1

1/3

Black

2

1/3

Blue

3

1/3

It can be shown for the Standard Discrete Uniform Distribution

m     = E(X) = (K + 1)/2

s2    = V(X) = (K2 - 1)/12                                      


Related Discussions:- Discrete uniform distribution

Give an example of divisibility, Give an example of Divisibility? If yo...

Give an example of Divisibility? If you can divide one number by another without getting a remainder, we say that the first number is divisible by the second. For instance, the

Profit, A wholesaler allows a discount of 20% on the list price to a retail...

A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 5% discount on the list price.If a customer paid Rs 114 for an article,what profit is m

What is 19% of 26, What is 19% of 26? To ?nd out 19% of 26, multiply 26...

What is 19% of 26? To ?nd out 19% of 26, multiply 26 through the decimal equivalent of 19% (0.19); 26 × 0.19 = 4.94.

How much is invested at 8% if the total amount of interest, Kevin invested ...

Kevin invested $4,000 in an account which earns 6% interest per year and $x in a different account that earns 8% interest per year. How much is invested at 8% if the total amount o

Illustration of rank correlation coefficient, Illustration of Rank Correlat...

Illustration of Rank Correlation Coefficient Sometimes numerical data such refers to the quantifiable variables may be described after which a rank correlation coefficient may

Items price list, what is the unit price of 6.5 cups of pizza sauce?

what is the unit price of 6.5 cups of pizza sauce?

Write Your Message!

Captcha
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