Question

In: Economics

Suppose that X is a binomial random variable with parameters n=20 and p=0.7. Choose a wrong...

Suppose that X is a binomial random variable with parameters n=20 and p=0.7.

Choose a wrong statement about the random variable X.

a.

The maximum possible value of X is 20.

b.

The minimum possible value of X is 0.

c.

The variance of X is 4.2.

d.

The expected value of X is 14.

e.

Pr(X = 19)+ Pr(X = 1)= 1

Solutions

Expert Solution

We know Binomial Random Distribution is given as

Where, x = {0,1,2,3,4.......,n}

As per the question :-

n = 20

p = 0.7

Lets see each statement one by one :

a. Maximum possible value of x is 20 :- As we know x ranges from {0,1,2,3.....,n}. Here n = 20. Hence maximum value of x is 20. So it's correct

b. Minimum possible value of x is 0 :- As we know binomial random variable x ranges from {0,1,2,3,4.....,n}. So the minimum possible value of x is 0. So it's correct

c. Variance of X is 4.2 :- We know that the variance of a binomial random variable is given as

So using the values

So it's correct

d. Expected value of X is 4.2 :- We know expected value or mean of binomial distribution is given as

So it's correct

e. P(X=19) + P(X=1) = 1

We can put the values in the binomial function as given earlier

So,

So, It's wrong

Hence, Statement e. is wrong


Related Solutions

Let x be a binomial random variable with n=7 and p=0.7. Find the following. P(X =...
Let x be a binomial random variable with n=7 and p=0.7. Find the following. P(X = 4) P(X < 5) P(X ≥ 4)
The p.d.f of the binomial distribution random variable X with parameters n and p is f(x)...
The p.d.f of the binomial distribution random variable X with parameters n and p is f(x) = n x p x (1 − p) n−x x = 0, 1, 2, ..., n 0 Otherwise Show that a) Pn x=0 f(x) = 1 [10 Marks] b) the MGF of X is given by [(1 − p) + pet ] n . Hence or otherwise show that E[X]=np and var(X)=np(1-p).
Let X be a binomial random variable with parameters n = 5 and p = 0.6....
Let X be a binomial random variable with parameters n = 5 and p = 0.6. a) What is P(X ≥ 1)? b) What is the mean of X? c) What is the standard deviation of X? (Show work)
(a) Let X be a binomial random variable with parameters (n, p). Let Y be a...
(a) Let X be a binomial random variable with parameters (n, p). Let Y be a binomial random variable with parameters (m, p). What is the pdf of the random variable Z=X+Y? (b) Let X and Y be indpenednet random variables. Let Z=X+Y. What is the moment generating function for Z in terms of those for X and Y? Confirm your answer to the previous problem (a) via moment generating functions.
Suppose that x is a binomial random variable with n = 5, p = .66, and...
Suppose that x is a binomial random variable with n = 5, p = .66, and q = .34. (b) For each value of x, calculate p(x). (Round final answers to 4 decimal places.) p(0) = p(1)= p(2)= p(3)= p(4)= p(5) (c) Find P(x = 3). (Round final answer to 4 decimal places.) (d) Find P(x ≤ 3). (Do not round intermediate calculations. Round final answer to 4 decimal places.) (e) Find P(x < 3). (Do not round intermediate calculations....
Suppose that X is a binomial random variable with n = 20 and π =0.18. a)...
Suppose that X is a binomial random variable with n = 20 and π =0.18. a) By hand, calculate P(X = 2). b) By hand, calculate P(X > 1) c) Use Excel (give explicit formula, including the arguments of the function) to find P(X ≥ 5).
A binomial random variable with parameters n and p represents the number of successes in n...
A binomial random variable with parameters n and p represents the number of successes in n independent trials. We can obtain a binomial random variable by generating n uniform random numbers 1 2 n U ,U ,...,U and letting X be the number of i U that are less than or equal to p. (a) Write a MATLAB function to implement this algorithm and name the function gsbinrnd. You may use the for loop to generate random numbers. (b) Use...
Suppose x is a binomial random variable with p = .4 and n = 25. c....
Suppose x is a binomial random variable with p = .4 and n = 25. c. Use the binomial probabilities table or statistical software to find the exact value of P(x>=9). Answ:.726 back of book d. Use the normal approximation to find P(x>=9). answ:.7291 the back of book For one I have no idea how to use the binomial probabilities table . The mean is 10, variance is 6 and std is 2.45 If possible could someone explain how to...
If x is a binomial random variable, compute P(x) for each of the following cases: (a)  P(x≤5),n=9,p=0.7P(x≤5),n=9,p=0.7...
If x is a binomial random variable, compute P(x) for each of the following cases: (a)  P(x≤5),n=9,p=0.7P(x≤5),n=9,p=0.7 (b)  P(x>1),n=9,p=0.1P(x>1),n=9,p=0.1 (c)  P(x<3),n=5,p=0.6P(x<3),n=5,p=0.6 (d)  P(x≥1),n=6,p=0.9P(x≥1),n=6,p=0.9
Let X denote a random variable that follows a binomial distribution with parameters n=5, p=0.3
Let X denote a random variable that follows a binomial distribution with parameters n=5, p=0.3, and Y denote a random variable that has a Poisson distribution with parameter λ = 6. Additionally, assume that X and Y are independent random variables. (a) What are the possible values for (X, Y ) pairs. (b) Derive the joint probability distribution function for X and Y. Make sure to explain your steps. (c) Using the joint pdf function of X and Y, form...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT