Probability Distributions
A probability distribution assigns probabilities to possible outcomes. The expected value is the long-run weighted average.
A probability distribution assigns probabilities to possible outcomes. The expected value is the long-run weighted average.
Let $X=0,1,2$ with probabilities $0.20,0.50,0.30$. Find $E(X)$ and $Var(X)$.
Final answer: $E(X)=1.10$ and $Var(X)=0.49$.
A concrete cylinder has an 80% chance of passing a strength check. If 5 cylinders are tested, find the probability that exactly 4 pass.
Answer: The probability is 0.4096.
An inspection desk receives an average of 3 requests per hour. Find the probability of exactly 2 requests in one hour.
Answer: The probability is about 0.224.
Survey errors are normally distributed with mean 0 mm and standard deviation 5 mm. Find the z-score for an error of 8 mm.
Answer: The z-score is 1.60.
A repair cost is P1,000 with probability 0.30 and P4,000 with probability 0.70. Find the expected repair cost.
Answer: The expected repair cost is P3,100.