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Tutorial 5

1. Compute the mean and variance of the following discrete probability


distribution
x p(x)
0 0.2
1 0.4
2 0.3
3 0.1

2. Compute the mean and variance of the following discrete probability


distribution

x p(x)
0 0.2
1 0.4
2 0.3
3 0.1

3. Three tables listed below show “ random variables” and their


probabilities”However, only one of these is actually a probability
distribution.

a). Which is it?

x p(x) x p(x) x p(x)


5 0.3 5 0.1 5 0.5
10 0.3 10 0.3 10 0.3
15 0.2 15 0.2 15 -0.2
20 0.4 20 0.4 20 0.4

b). Using the correct probability distribution, find the probability that x
is:
i. Exactly 15
ii. No More than 10
iii. More than 5
iv. Compute the mean and variance and standard deviation of this
distribution?
4. Which of these variables are discrete and which are continuous
random variables?
a). The number of new accounts established by a sales person in a year
b). The time between customer arrivals to a bank ATM
c). The number of customer in Big Nick’s barber shop
d). The amount of fuel in your car’s gas tank last week
e). The number of minorities on a jury
f). The outside temperature today

5. Dan Woodward is the owner and manager of Dan’s Truck Stop. Dan
Offers free refills on all coffee orders. He gathered the following on
coffee refills. Compute the mean, variance and standard deviation for
the distribution of number of refills

Refills Percent
0 30
1 40
2 20
3 10

6. The director of admissions at Kinzua University in Nova Scotia


estimated the distribution of student admissions for the fall
semester on the basis of past experience. What is the expected
number of admissions for the fall semester? Compute the variance
and the standard deviation of the number of admissions.

Admissions Probability
10000 0.6
1200 0.3
1500 0.1
7. The following table lists the probability distribution for cash prizes in
a lottery conducted at Lawson’s Department Store
Prize($) Probability
0 0.45
10 0.3
100 0.2
500 0.05

If you buy a single ticket, What is the probability that you win:
a). Exactly $100?
b). At least $10?
c). No more than $100
d). Compute the mean, variance and standard deviation of this
distribution.

8. You are asked to match three songs with the performers who made
those song famous. If you guess, the probability distribution for the
number of correct matches is:

Probability 0.333 0.5 0 0.167


Number of Correct0 1 2 3

What is the probability you get :


a). Exactly one correct?
b). At least one Correct?
c). Exactly Two correct?
d). Compute the mean, variance and standard deviation of this
distribution
Which of these variables are discrete and which are continuous random variables?
The number of new accounts established by a salesperson in a year
The time between customer

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