Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Suppose that X, the number of times a customer goes to a grocery store in a week, is a random variable with probability distribution

4. Suppose that X, the number of times a customer goes to a grocery store in a week, is a random variable with probability distribution shown in the accompanying table. (Assume no customer goes to the store more than 3 times a week):

x

0

1

2

3

p(x)

0.2

0.4

0.3

0.1

a. Calculate E(X) and explain what the number means. [3 marks]

b.True or false: Ten customers are selected at random. The total number of store visits of the 10 customers will be ten times of the expected value we calculated in part (a) above. [2 marks]

c. Suppose the store has a promotion where a customer is given a $2 credit for each visit; and an additional $3 credit for his/her 3rd visit in a week (so he/she gets a total of $5 credit on his/her 3rd visit of the week). Find the probability distribution of Y = Amount of credit the store gives to a customer in a week. [3 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hyers-Ulam Stability Of Ordinary Differential Equations

Authors: Arun Kumar Tripathy

1st Edition

1000386902, 9781000386905

More Books

Students also viewed these Mathematics questions