Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a)If you roll a dice five times what is the probability that you will roll more than one 6? (b)If you roll a dice five

(a)If you roll a dice five times what is the probability that you will roll more than one 6?

(b)If you roll a dice five times what is the mean and the variance of the number of 6s you will throw? Please use the Binomial formulas (Mean = n.p, Variance = n.p.(1 - p)) to work these out and then check using the general formulas for the mean and variance of any probability distribution:

m = i P(X i) and

s2 =(Xi - m)2P(Xi)

(c)If you roll a dice five times what is the skewness and the kurtosis of the number of 6s you will throw.

(d)If you roll a 50-sided dice 20 times what is the mean and the variance of the number of 6s you will throw?

(e)Again, rolling your 50-sided dice 20 times, what is the probability of getting three 6s?

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

Foundations Of Finance

Authors: Arthur J. Keown, John H. Martin, J. William Petty

10th Edition

0135160618, 978-0135160619

More Books

Students also viewed these Finance questions