Suppose that a hat contains slips of papers containing the numbers 1, 2 and 3. Two...
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Suppose that a hat contains slips of papers containing the numbers 1, 2 and 3. Two slips of paper are drawn without replacement. Calculate the expected value of the product of the numbers on the slips of papers.
Homework Answers
The possible outcomes are:
Therefore, the product of each possible outcome is:
Therefore, the probability distribution is:
| x | P(x) |
| 2 |  |
| 3 | |
| 6 | |
Now the expected value of the product of the numbers on the slip of papers is:
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