Scribd
Upload
1K views4 pages

Expected Value and Variance Problems

The document contains 4 problems involving calculating the expected value and variance of probability distributions. Problem a asks to find the expected value and variance of the number of times Norman visits an internet cafe in a week based on a given probability distribution. Problem b calculates the expected value and variance of winning from buying one lottery ticket among 500. Problem c finds the expected value of winning or losing from a coin toss game. Problem d determines the expected value of winning or losing from a carnival game that involves drawing colored balls from a box.

Uploaded by

Webster Kevin John Dela Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
1K views4 pages

Expected Value and Variance Problems

The document contains 4 problems involving calculating the expected value and variance of probability distributions. Problem a asks to find the expected value and variance of the number of times Norman visits an internet cafe in a week based on a given probability distribution. Problem b calculates the expected value and variance of winning from buying one lottery ticket among 500. Problem c finds the expected value of winning or losing from a coin toss game. Problem d determines the expected value of winning or losing from a carnival game that involves drawing colored balls from a box.

Uploaded by

Webster Kevin John Dela Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Solve the following problems.

a. Let X represent the number of times Norman visits an Internet Café to play video games
in a one-week period. The probability distribution of X is shown below.

X 0 1 2 3 4
P(x) 0.06 0.18 0.40 0.28 0.08
Find the expected value and variance of X.

Formulas:
Expected Value: E(X)= ∑ xf (x)
Variance: σ 2=∑ ( x−μ )2 P ( x )
SOLUTION:
x P( x ) xP(x ) x−μ ( x−μ )2 ( x−μ )2 P( x)
0 0.06 0 -2.14 4.5796 0.2748
1 0.18 0.18 -1.14 1.2996 0.2339
2 0.40 0.80 -0.14 0.0196 0.0078
3 0.28 0.84 0.86 0.7396 0.2071
4 0.08 0.32 1.86 3.4596 0.2768
2
∑ xP ( x )=2.14 ∑ ( x−μ ) P ( x )=1.0004

μ=2.14
2
σ =1.00

b. Five hundred tickets will be sold and these will be raffled during the town fiesta. One of
these tickets will win P3,000 and the rest will win nothing. What will be the expected
outcome and variance of your gain if you will buy one of the tickets?

Formulas:
Expected Value: E(X)= ∑ xf (x)
Variance: σ 2=∑ ( x−μ )2 P ( x )
SOLUTION:
x P( x ) xP(x ) x−μ ( x−μ )2 ( x−μ )2 P(x)
1
₱3, 000 6 2994 8, 964, 036 17, 982.072
500
499
₱0 500 0 -6 36 35.928

∑ xP ( x )=6 ∑ ( x−μ )2 P ( x )=18 ,108

μ= ₱ 6

σ 2=₱ 18 , 108

c. You play a game of tossing an unbiased coin. On each toss if a head appears on each toss,
you win ₱60. However, if a tail appears you lose ₱70. If you continue to play the game,
how much do you expect to win or lose in the game?

Formula:
Expected Value: E(X)= ∑ xf (x)

SOLUTION:
x P( x ) xP(x )
1
+₱60 +30
2
1
-₱70 2 -35

∑ xP ( x )=−5

μ=−₱ 5

d. There is a game of chance in a carnival. The game consists of a box with 20 balls where 8
are red, 5 are white, and the rest are blue. You are to draw one ball from the box. You
win ₱30 if you are able to draw a red ball, and win ₱10 if you are able to draw a white
ball. You lose ₱42 if you are able to draw a blue ball. How much do you expect to win or
lose if you play the game five times?

Formula:
Expected Value: E(X)= ∑ xf ( x )

SOLUTION:
x P( x ) xP(x )
8
+₱30 +12
20
5
+₱10 20 +2.5

-₱42 7
20 -14.7

∑ xP ( x )=−0.2

μ=−₱ 0.2 x 5

μ=−₱ 1.0
G11 Statistics and Probability
Problems Involving
Mean and Variance of Probability Distributions

De la Cruz, Webster Apostol, Karla


De leon, Hans Bautista, Jannelle
Gonzales, Kharl Dupaya, Xyrel
Salvador, Glyvin Membrot, Mary

STEM Philemon

You might also like