1. The document provides 9 practice problems related to probability distributions and statistics for exam preparation. The problems cover topics like expected values, standard deviations, joint and marginal probability distributions, binomial, Poisson, and negative binomial distributions.
2. Specific questions ask students to identify probability distributions based on scenarios, calculate probabilities, means, variances, and find values of distribution parameters.
3. The problems provide opportunities for students to demonstrate their understanding of key concepts in probability and statistics.
1. The document provides 9 practice problems related to probability distributions and statistics for exam preparation. The problems cover topics like expected values, standard deviations, joint and marginal probability distributions, binomial, Poisson, and negative binomial distributions.
2. Specific questions ask students to identify probability distributions based on scenarios, calculate probabilities, means, variances, and find values of distribution parameters.
3. The problems provide opportunities for students to demonstrate their understanding of key concepts in probability and statistics.
1. The document provides 9 practice problems related to probability distributions and statistics for exam preparation. The problems cover topics like expected values, standard deviations, joint and marginal probability distributions, binomial, Poisson, and negative binomial distributions.
2. Specific questions ask students to identify probability distributions based on scenarios, calculate probabilities, means, variances, and find values of distribution parameters.
3. The problems provide opportunities for students to demonstrate their understanding of key concepts in probability and statistics.
1. The document provides 9 practice problems related to probability distributions and statistics for exam preparation. The problems cover topics like expected values, standard deviations, joint and marginal probability distributions, binomial, Poisson, and negative binomial distributions.
2. Specific questions ask students to identify probability distributions based on scenarios, calculate probabilities, means, variances, and find values of distribution parameters.
3. The problems provide opportunities for students to demonstrate their understanding of key concepts in probability and statistics.
1. You have received your career starter loan(s) and have been presented with an investment opportunity. The net result of the investment after one year in thousands of dollars is given by x, with a distribution: x -4 3 10 p(x) 0.4 0.4 0.2 a. What is the average outcome for the investment, in terms of dollars?
The outcome after three years is given by the function g ( x ) = 3x − 2 .
b. What is the expected outcome after three years, in terms of dollars?
c. What is the standard deviation of the outcome after three years, in terms of dollars?
2. Random variables X and Y have the joint distribution given in the table below. X P(X = x, Y = y) 1 2 3 1 3/18 0 0 Y 2 4/18 1/18 0 3 5/18 2/18 3/18
a. Find the marginal probability mass functions for X and Y.
b. Find the means of X and Y.
c. Find Cov(X,Y).
3. Let X and Y have the joint pdf f X ,Y ( x, y ) = cx y , for 0 x y 1. Find c to make this a valid 2
joint PDF.
4. Your friend shows you a weighted nickel his uncle made. When flipped, it results in heads 70% of the time. Let X = 1 represent heads and X = 0 represent tails. a. What is the distribution of X ? Include the name of the distribution, its parameter(s), and the parameter value(s).
b. What is the mean and standard deviation of X ?
5. The ITSD Help Desk is free to accept your calls about 60% of the time; otherwise, the workers are talking to another client or are away from the front desk. You call ITSD at five random times during a given month. (Assume independence of each call.) Answer all probabilities to four decimal places. a. What is the distribution of the number of calls accepted? Include the name of the distribution, its parameter(s), and the parameter value(s).
b. What is the probability that they will accept each and every one of the five calls?
c. What is the probability they accept less than three of your five calls?
d. What is the probability they accept at least one of your five calls?
e. What is the expected value of the number of accepted calls?
f. What is the standard deviation of the number accepted calls?
SM230 Practice Problems – Exam 2 Prep
6. In a given year, an average of 6 hurricanes develop in the Atlantic. Modeling the number of hurricanes as a Poisson rv, answer the following: a. What is the probability of no hurricanes in a year?
b. What is the probability of exactly 4 hurricanes in a year?
c. What is the probability of at least two hurricanes in a year?
d. What is the probability that the number of hurricanes is more than one standard deviation above the expected value?
7. Capt Crispell brought Jolly Ranchers to class (never gonna happen). The fresh bag has 360 candies and five flavors. Without looking, you grab a handful and end up with seven candies. Assuming there are equal amounts of each flavor in the bag, a. What is the distribution of the number of cherry flavor in your hand? Include the name of the distribution, its parameter(s), and the parameter value(s).
b. What is the expected number of cherry candies in your hand?
c. What is the probability your hand contains at least one cherry candy?
8. Overall, there is a 1% probability of any random midshipman in your company dropping their bayonet. Your company is having an inspection where, one by one, your SEL is having people fix their bayonet. a. What is the distribution of the place in line of the first person to drop their bayonet? Include the name of the distribution, its parameter(s), and the parameter value(s).
b. What is the expected number in line of the first person to drop their bayonet?
c. You are 94th in line. What is the probability that you are the first person to drop a bayonet?
9. In another company, clearly less stellar, any random midshipman has a 7% probability of dropping their bayonet. a. What is the distribution of the place in line of the 4th person to drop their bayonet? Include the name of the distribution, its parameter(s), and the parameter value(s).
b. Your friend is 94th in line. What is the probability she is the 4th person to drop her bayonet?
c. What is the expected number in line of the 4th person to drop their bayonet?
d. What is the standard deviation of the number in line of the 4th person to drop their bayonet?
Note: The multinomial distribution will not be assessed (it will not be on the exam).
