In: Statistics and Probability
In your pocket, you have seven coins: 2 ten cent pieces, 2 fifty cent pieces, 2 one dollar pieces and 1 two dollar piece. You simultaneously choose two coins from your pocket (before you can feel the difference between any of them). Let ? represent the value of the two coins (in cents) that you select from the pocket. a) NEATLY Create a probability distribution for ? and ?(? = ?). HINT: Consider using a tree diagram to represent the value of the two coins before creating the distribution table of the value in cents.
Let us treat this as 2 steps, even though we simultaneously choose 2 coins. The following is the decison tree.
Step 1: Choose the first coin from 7 coins
Node 1:
step 2: choose the second coin from the remaining 6 coins: The probability and the coins available depends on the choice in step 1
Node 2: Get a 10 cent in the fist step (X is the total value of 2 coins)
Node 3: Get a 50 cent in the fist step (X is the total value of 2 coins)
Node 4: Get a $1 in the fist step (X is the total value of 2 coins)
Node 4: Get a $2 in the fist step (X is the total value of 2 coins)
the following is the list of X and the joint probability of each leaf
X | P(X) |
20 | 0.0476 |
60 | 0.0952 |
110 | 0.0952 |
210 | 0.0476 |
60 | 0.0952 |
100 | 0.0476 |
150 | 0.0952 |
250 | 0.0476 |
100 | 0.0952 |
150 | 0.0952 |
200 | 0.0476 |
300 | 0.0476 |
210 | 0.0476 |
250 | 0.0476 |
300 | 0.0476 |
The joint probability would sum to 1
Now we combine the rows corresponding to same values of X.
and get the following probability distribution for X
X | P(X=x) |
20 | 0.0476 |
60 | 0.1905 |
100 | 0.1429 |
110 | 0.0952 |
150 | 0.1905 |
200 | 0.0476 |
210 | 0.0952 |
250 | 0.0952 |
300 | 0.0952 |