In: Economics
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. |
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b. |
The minimum possible value of X is 0. |
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c. |
The variance of X is 4.2. |
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d. |
The expected value of X is 14. |
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e. |
Pr(X = 19)+ Pr(X = 1)= 1 |
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