Expand Your Knowledge: Linear Functions and Combinations of Independent Random Variables: Golf How can we compute the
Question:
Expand Your Knowledge: Linear Functions and Combinations of Independent Random Variables: Golf How can we compute the mean and standard deviation of new random variables created by a linear function of one random variable or a linear combination of two independent random variables? The following discussion shows us.
Norb and Gary are entered in a local golf tournament. Both have played the local course many times. Their scores are random variables with the following means and standard deviations.
Norb, x1 :m1 5 115; s1 5 12 Gary, x2 :m2 5 100; s2 5 8 In the tournament, Norb and Gary are not playing together, and we will assume their scores vary independently of each other.
(a) The difference between their scores is W 5 x1 x2. Compute the mean, variance, and standard deviation for the random variable W.
(b) The average of their scores is W 5 0.5x1 1 0.5x2. Compute the mean, variance, and standard deviation for the random variable W.
(c) The tournament rules have a special handicap system for each player. For Norb, the handicap formula is L 5 0.8x1 2.
Compute the mean, variance, and standard deviation for the random variable L.
(d) For Gary, the handicap formula is L 5 0.95x2 5.
Compute the mean, variance, and standard deviation for the random variable L.
Step by Step Answer:
Understanding Basic Statistics
ISBN: 9781305548893
7th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase