Let X1 be a random variable whose value is the result of rolling an 8- sided...
X is a Random variable representing the outcome of rolling a 6-sided die. Before the die is rolled, you are given two options: (a) You get 1/E(X) in Points right away. (b) You wait until the die is rolled, then get 1/X in Points. Which option is better in getting Points?
Keeping rolling a 4-sided die until you see the first ACE(SPOT 1). Let X be the number of rolls resulting 1. Find P[X = 3] 2. Find P[X >= 3] 3. Find E[X] 4. Find V[X]
Question 2 (20 points) Let X be a random variable that represents the sum of rolling a die twice (or, equivalently, rolling two fair die and adding up their result). Draw the distribution of X (both the possible values and the associated probabilities).
7 Let Xbe a random variable whose values are the number of dots that appear on-the uppermost face r die is rolled. The possible values of Xare 1,2,3,4,5, and 6 The mean of & is and the variance of of X is 3 Let Y be the random variable whose value is the difference (first minus second) between the number t face for the first and second rolls of a fair die that is rolled twice. What is mean ofXis...
Find the variance of random variable X. 7.. Let X be a continuous random variable whose probability density function is: -(2x3 + ar', if x E (0:1) if x (0;1) Find 1) the coefficient a; 2) P(O.5eX<0.7); 3) P(X>3). Part 3. Statistics A sample of measurements is given X 8 -2 0 2 8
8. Let X.(i-12) be independent N(0,1) random variables. a. Find the value of c such that P ( (X1 + X2尸/( X2-X)2 < c ) =.90 b. Find P(2 X1 -3 X21.5) c. Find 95th percentile of the distribution of Y-2X -3X2
15. Let the random variables X1 and X2 be the payoffs of two different Suppose E(X;) = E(X2) = 100, and V( X) = V(X;) = investments 10. Suppose an investor owns 50% of each investment so the total payoff is: (X1+ X2 ) /2. There is a fixed fee (brokerage fee, for example) of 15 to acquire the two investments. So the investor's net payoff is: (Xi+X2)/2 - 15 a) Is the investor's net payoff a random variable? If...
Let X be a discrete random variable with 1 P(X = 1) = P(X = 2) = P(X = 3) = P(X= 4) = Then given X = x, we roll a fair 4-sided die 3 times. (The 4-sided die is equally likely to come up a 1, 2, 3, or 4). Let y be the number of times we roll a 1. (a) Find E[Y|X]. Hint: Remember E[Y | X] is a random variable, so X will be part...
(2) Consider rolling three dice. Let X1, X2, and Xj be the values which appear on the three dice, respectively. Let Y be the maximum out of all three dice. (a) Find E(Y|X,-20 X2 = x) for x = 1, 2, . . . 6. (b) Find E(YX, -2). (2) Consider rolling three dice. Let X1, X2, and Xj be the values which appear on the three dice, respectively. Let Y be the maximum out of all three dice. (a)...
8. Let X (i-1,2) be independent N(0,1) random variables. a. Find the value of c such that P ( (X1 + X2 )2/( X2 -X1)2 < c ) =.90 b. Find P(2 X1 -3 X2< 1.5) c. Find 95th percentile of the distribution of Y-2 X1 -3 X2