Math Problem Statement
If the random variable X denotes the real valued outcomes given in the following table with the given frequency of occurrence of each of the outcomes, fill in the last line of the table and find the expected value of X. Outcome -2 -1 0 1 2 Frequency 26 22 27 25 12 P(X)
E(X) =
Solution
To fill in the last line of the table, we need to find the probability for each outcome. The probability is calculated by dividing the frequency of each outcome by the total number of observations.
Step 1: Calculate the Total Frequency
Step 2: Find for Each Outcome
The completed table with probabilities is:
Outcome | -2 | -1 | 0 | 1 | 2 |
---|---|---|---|---|---|
Frequency | 26 | 22 | 27 | 25 | 12 |
0.2321 | 0.1964 | 0.2411 | 0.2232 | 0.1071 |
Step 3: Calculate the Expected Value
Therefore, the expected value of is:
Would you like a more detailed explanation or have any questions?
Here are 5 related questions you might find interesting:
- How do you calculate variance and standard deviation for a discrete random variable?
- What would be the expected value if the outcomes had different weights?
- How does the expected value change if the frequency distribution is modified?
- Can the expected value be a non-integer even if all outcomes are integers?
- How can we use expected value in real-life situations, such as in gambling or insurance?
Tip: When finding probabilities, always ensure the sum of values equals 1, as a quick way to check your calculations.
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Math Problem Analysis
Mathematical Concepts
Probability
Statistics
Expected Value of a Discrete Random Variable
Formulas
P(X = x) = Frequency of outcome / Total frequency
E(X) = Σ(x * P(x))
Theorems
Law of Total Expectation
Suitable Grade Level
Grades 9-12
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