Chapter 4: Q.4.5 (page 163)
Let X represent the difference between the number of heads and the number of tails obtained when a coin is tossed n times. What are the possible values of X?
Short Answer
Possible values of X can be described by:
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Chapter 4: Q.4.5 (page 163)
Let X represent the difference between the number of heads and the number of tails obtained when a coin is tossed n times. What are the possible values of X?
Possible values of X can be described by:
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Let X be a binomial random variable with parameters (n, p). What value of p maximizes P{X = k}, k = 0, 1, ... , n? This is an example of a statistical method used to estimate p when a binomial (n, p) random variable is observed to equal k. If we assume that n is known, then we estimate p by choosing that value of p that maximizes P{X = k}. This is known as the method of maximum likelihood estimation.
Compare the Poisson approximation with the correct binomial probability for the following cases:
when
when
when
when
The probability of being dealt a full house in a hand of poker is approximately . Find an approximation for the probability that in hands of poker, you will be dealt at least full houses.
There are two possible causes for a breakdown of a machine. To check the first possibility would cost C1 dollars, and, if that were the cause of the breakdown, the trouble could be repaired at a cost of R1 dollars. Similarly, there are costs C2 and R2 associated with the second possibility. Let p and 1 − p denote, respectively, the probabilities that the breakdown is caused by the first and second possibilities. Under what conditions on p, Ci, Ri, i = 1, 2, should we check the first possible cause of breakdown and then the second, as opposed to reversing the checking order, so as to minimize the expected cost involved in returning the machine to working order?
In Example , what percentage of defective lots does the purchaser reject? Find it forGiven that a lot is rejected, what is the conditional probability that it contained defective components?
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