/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q4.2-2E Suppose that three random variab... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Suppose that three random variables\({{\bf{X}}_{\bf{1}}}{\bf{,}}{{\bf{X}}_{\bf{2}}}{\bf{,}}{{\bf{X}}_{\bf{3}}}\)froma random sample from a distribution for which the meanis 5. Determine the value of

\({\bf{E}}\left( {{\bf{2}}{{\bf{X}}_{\bf{1}}}{\bf{ - 3}}{{\bf{X}}_{\bf{2}}}{\bf{ + }}{{\bf{X}}_{\bf{3}}}{\bf{ - 4}}} \right)\).

Short Answer

Expert verified

The value of \(E\left( {2{X_1} - 3{X_2} + {X_3} - 4} \right) = - 4\)

Step by step solution

01

Given information

There are three random variables \({X_1},{X_2}\;and\;{X_3}\) from a random distribution. The mean of the distribution is 5.

02

Determine the value.

The value of the given expectation is

\(\begin{array}{c}E\left( {2{X_1} - 3{X_2} + {X_3} - 4} \right) = E\left( {2{X_1}} \right) - E\left( {3{X_2}} \right) + E\left( {{X_3}} \right) - E\left( 4 \right)\\ = 2E\left( {{X_1}} \right) - 3E\left( {{X_2}} \right) + E\left( {{X_3}} \right) - 4\\ = 2 \times 5 - 3 \times 5 + 5 - 4\\ = - 4\end{array}\)

Therefore, the required value is -4.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Suppose that an observed value of X is equally likely to come from a continuous distribution for which the pdf is for from one for which the pdf is g. Suppose that \(f\left( x \right) > 0\) for \(0 < x < 1\) and \(f\left( x \right) = 0\) otherwise, and suppose also that \(g\left( x \right) > 0\) for \(2 < x < 4\) and \(g\left( x \right) = 0\) otherwise. Determine:

  1. the mean and
  2. the median of the distribution of X.

Suppose that one word is selected at random from the sentence THE GIRL PUT ON HER BEAUTIFUL RED HAT. If Xdenotes the number of letters in the word that is selected, what is the value of Var(X)?

Suppose that the random variableXhas the uniform distribution on the interval [0,1], that the random variableYhas the uniform distribution on the interval [5,9],and thatXandYare independent. Suppose also that a

rectangle is to be constructed for which the lengths of two adjacent sides areXandY. Determine the expected value of the area of the rectangle.

Suppose that a person has a given fortune\({\bf{A > 0}}\)and can bet any amount b of this fortune in a certain game\(\left( {{\bf{0}} \le {\bf{b}} \le {\bf{A}}} \right)\). If he wins the bet, then his fortune becomes\({\bf{A + b}}\); if he loses the bet, then his fortune becomes\({\bf{A - b}}\). In general, let X denote his fortune after he has won or lost. Assume that the probability of his winning is p\(\left( {{\bf{0 < p < 1}}} \right)\)and the probability of his losing is\({\bf{1 - p}}\). Assume also that his utility function, as a function of his final fortune x, is\({\bf{U}}\left( {\bf{x}} \right){\bf{ = logx}}\)for\({\bf{x > 0}}\). If the person wishes to bet an amount b for which the expected utility of his fortune\({\bf{E}}\left( {{\bf{U}}\left( {\bf{x}} \right)} \right)\)will be a maximum, what amount b should he bet?

In a class of 50 students, the number of students \({{\bf{n}}_{\bf{i}}}\)of each age \({\bf{i}}\) is shown in the following table

Age\(\left( {\bf{i}} \right)\)

\({{\bf{n}}_{\bf{i}}}\)

18

20

19

22

20

4

21

3

25

1

If a student is to be selected at random from the class, what is the expected value of his age?

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.