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Statistics
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Stats Data and Models Study Set 1
Quiz 14: Random Variables
Path 4
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Question 41
Multiple Choice
Consider a game that consists of dealing out a hand of two random cards from a deck of four cards.The deck contains the Ace of Spades (As) ,the Ace of Hearts (Ah) ,the King of Spades (Ks) and the 9 of Hearts (9h) .Aces count as 1 or 11.Kings count as 10.You are interested in the total count of the two cards,with a maximum count of 21 (that is,AsAh = 12) .Let X be the sum of the two cards.Find the expected value of X.
Question 42
Multiple Choice
A couple plans to have children until they get a boy,but they agree that they will not have more than four children even if all are girls.Find the standard deviation of the number of children the couple have.Assume that boys and girls are equally likely.Round your answer to three decimal places.
Question 43
Multiple Choice
A company bids on two contracts.It anticipates a profit of $70,000 if it gets the larger contract and a profit of $30,000 if it gets the smaller contract.It estimates that there's a 10% chance of winning the larger contract and a 60% chance of winning the smaller contract.Find the standard deviation of the company's profit.Assume that the contracts will be awarded independently.
Question 44
Multiple Choice
The random variable x is the number of houses sold by a realtor in a single month at the Sendsom's Real Estate Office.Its probability distribution is as follows.Find the standard deviation of the number of houses sold.
Houses Sold
(
x
)
Probability P(x)
0
0.24
1
0.01
2
0.12
3
0.16
4
0.01
5
0.14
6
0.11
7
0.21
\begin{array} { c | c } \text { Houses Sold } ( \mathrm { x } ) & \text { Probability P(x) } \\\hline 0 & 0.24 \\\hline 1 & 0.01 \\\hline 2 & 0.12 \\\hline 3 & 0.16 \\\hline 4 & 0.01 \\\hline 5 & 0.14 \\\hline 6 & 0.11 \\\hline 7 & 0.21\end{array}
Houses Sold
(
x
)
0
1
2
3
4
5
6
7
Probability P(x)
0.24
0.01
0.12
0.16
0.01
0.14
0.11
0.21
Question 45
Multiple Choice
You pick a card from a deck.If you get a club,you win $80.If not,you get to draw again (after replacing the first card) .If you get a club the second time,you win $30.If not,you lose.Find the standard deviation of the amount you will win.