Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ONLY QUESTION #2 1. Think of the situation of rolling two dice. Let M denote the sum of the number of dots on the two

ONLY QUESTION #2

1. Think of the situation of rolling two dice. Let M denote the sum of the number of dots on the two dice. (Hence, at any trial, M is a number between 2 to 12.) a. In a table, list all the possible outcomes for the random variable M together with its probability distribution and cumulative probability distribution. Sketch both distributions. (3 Marks) b. Calculate the expected value and the standard deviation for M. (4 Marks) c. Looking at the sketch of the probability distribution, you notice that it resembles a normal distribution. Should you be able to use the standard normal distribution to calculate probabilities of events? Why or why not? Explain. (3 Marks)

Results of # 1

Var(M) = P(M) x (M-Mm)^2 = 5.833

E(M)= 7

SD= 5.833= 2.415

2. By looking at the results of activity #1 above, what is the probability (show it in percentage) of the following outcomes? (Show your calculations on each)

a. Pr(M = 8) (1 Mark)

b. Pr(M = 6) (1 Mark)

c. Pr(M = 4 or M = 12) (2 Marks)

d. Pr(M = 7 or M 7) (2 Marks)

e. Pr(M < 10) (2 Marks)

f. Pr(M = 7 or M > 11) (2 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

The Strictures Of Inheritance The Dutch Economy In The Nineteenth Century

Authors: Jan Luiten Van Zanden, Arthur Van Riel, Ian Cressie

1st Edition

0691229309, 9780691229300

More Books

Students also viewed these Economics questions