Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Say we have a random variable A and another random variable B. A is described as a row of 50% chances between either getting a

Say we have a random variable A and another random variable B. A is described as a row of 50% chances between either getting a beer or a coffee, that have no influence on each other. Let's say the expectation of A is time when we first get a beer. B is A+1. I know that E[B] is therefore 3. Additionally, I have a third random variable named C. To make it fun, this one can take any real value between 0 and 5 with equal probability. That means E[C] = 2.5 Now what I'm doing is to make up a fourth random variable called D. D will be the sum of a bunch of C. How many C's are added depends on B. For example, if B turns out to be like its expectation, then I add three C's with each other. And the result of that will be D. Now my question is: what value should I expect for the mean of D and the variance of D? And my second question is: do you like beer

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

Probability With Applications and R

Authors: Robert P. Dobrow

1st edition

1118241257, 1118241258, 978-1118241257

More Books

Students also viewed these Mathematics questions

Question

Find z/y if z = 12x 5 - 14x 3 y 3 + 6y 4 - 1.

Answered: 1 week ago