/*! 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} Problem 64 In Exercises \(\mathrm{P} .63\) ... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

In Exercises \(\mathrm{P} .63\) to \(\mathrm{P} .67,\) state whether the process described is a discrete random variable, is a continuous random variable, or is not a random variable. Draw 10 cards from a deck and find the proportion that are hearts.

Short Answer

Expert verified
The process describes a discrete random variable.

Step by step solution

01

Understanding Types of Variables

Discrete random variables have specific and countable outcomes, usually described as having a finite or countable number of outcomes. Continuous random variables, on the other hand, can take on any values in a given range and are usually measurements. Non-random variables are those that are not influenced by randomness.
02

Analyze Given Process

The process is about drawing 10 cards from a deck and finding the proportion of those cards that are hearts. This process has a countable number of outcomes since a deck of cards has a finite number of heart cards. The result, which is the proportion of heart cards, can only take certain values given a finite number of draws (i.e., 10 draws).
03

Identify the Type of Variable

Based on the analysis in Step 2, the process describes a discrete random variable. This is because the outcomes (i.e., the number of heart cards in 10 draws) are countable and finite.

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!

Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Discrete Random Variable
In statistics, a discrete random variable represents quantities that can take on a specific and distinct set of values. These are usually outcomes we can count. For example, when rolling a six-sided dice, the outcomes—1, 2, 3, 4, 5, or 6—are all countable and finite choices, making each result a discrete random variable.

A key aspect of discrete random variables is that they are characterized by gaps between possible values. As in the dice example, you can't roll a 3.5. Similarly, in the stated exercise, we're drawing 10 cards from a deck to find how many are hearts. Since there are only an available set of outcomes (from 0 to 10 cards being hearts), the process clearly reflects a discrete random variable.

Identifying variables correctly is vital because it defines how we analyze and interpret data in probability and statistics. It impacts how probabilities are assigned to each outcome of the variable.
Probability
Probability is the branch of mathematics that deals with calculating the likelihood of a given event's occurrence, which is expressed as a number between 0 and 1. Here, 0 indicates impossibility and 1 indicates certainty. The concept of probability is used to understand and predict the behavior of random phenomena.

For discrete random variables, probability assigns a specific likelihood to each possible outcome. For example, in the exercise scenario, probability allows us to calculate the chance that a certain number of the 10 chosen cards are hearts. If we know the probability for each possible outcome, we can predict how likely we are to draw a certain number of hearts.

The sum of probabilities for all possible outcomes of a discrete random variable is always equal to 1. This fundamental rule helps maintain consistency and makes calculations reliable in probability theory. Understanding probability aids in decision-making, risk assessment, and statistical prediction.
Random Variables
Random variables play a central role in probability theory and statistics. They are a critical concept used to quantify outcomes of random phenomena. Each random variable links every possible outcome of an experiment to a real number.

There are two main categories of random variables: discrete and continuous. Discrete random variables have finite possible values, while continuous ones can take any value within a certain range. The process of drawing cards and finding the number of hearts is random because each card drawn is a unique event with an uncertain outcome.

Random variables are foundational in forming probability distributions. Probability distributions describe how probabilities are spread across possible values of a random variable. Understanding these distributions and types of random variables allows statisticians and scientists to interpret and make predictions about real-world phenomena.

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

State whether the two events (A and B) described are disjoint, independent, and/or complements. (It is possible that the two events fall into more than one of the three categories, or none of them.) South Africa plays Australia for the championship in the Rugby World Cup. At the same time, Poland plays Russia for the World Team Chess Championship. Let \(\mathrm{A}\) be the event that Australia wins their rugby match and \(\mathrm{B}\) be the event that Poland wins their chess match.

In Exercises \(\mathrm{P} .74\) to \(\mathrm{P} .77\), fill in the \(?\) to make \(p(x)\) a probability function. If not possible, say so. $$ \begin{array}{lccc} \hline x & 1 & 2 & 3 \\ \hline p(x) & 0.5 & 0.6 & ? \\ \hline \end{array} $$

Ask you to convert an area from one normal distribution to an equivalent area for a different normal distribution. Draw sketches of both normal distributions, find and label the endpoints, and shade the regions on both curves. The area above 13.4 for a \(N(10,2)\) distribution converted to a standard normal distribution

The Standard and Poor 500 (S\&P 500 ) is a weighted average of the stocks for 500 large companies in the United States. It is commonly used as a measure of the overall performance of the US stock market. Between January 1,2009 and January \(1,2012,\) the S\&P 500 increased for 423 of the 756 days that the stock market was open. We will investigate whether changes to the S\&P 500 are independent from day to day. This is important, because if changes are not independent, we should be able to use the performance on the current day to help predict performance on the next day. (a) What is the probability that the S\&P 500 increased on a randomly selected market day between January 1,2009 and January \(1,2012 ?\) (b) If we assume that daily changes to the \(S \& P\) 500 are independent, what is the probability that the S\&P 500 increases for two consecutive days? What is the probability that the S\&P 500 increases on a day, given that it increased the day before? (c) Between January 1, 2009 and January 1,2012 the S\&P 500 increased on two consecutive market days 234 times out of a possible \(755 .\) Based on this information, what is the probability that the S\&P 500 increases for two consecutive days? What is the probability that the S\&P 500 increases on a day, given that it increased the day before? d) Compare your answers to part (b) and part (c). Do you think that this analysis proves that daily changes to the S\&P 500 are not independent?

The Scholastic Aptitude Test (SAT) was taken by 1,698,521 college-bound students in the class of \(2015 .^{24}\) The test has three parts: Critical Reading, Mathematics, and Writing. Scores on all three parts range from 200 to 800 . The means and standard deviations for the three tests are shown in Table P.16. Assuming that the Critical Reading scores follow a normal distribution, draw a sketch of the normal distribution and label at least 3 points on the horizontal axis. $$ \begin{array}{lcc} & \text { Mean } & \text { St. Dev. } \\ \hline \text { Critical Reading } & 495 & 116 \\ \text { Mathematics } & 511 & 120 \\ \text { Writing } & 484 & 115 \end{array} $$

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.