In: Statistics and Probability
A law firm specializing in corporate law has 4 lawyers. Because of various reasons, on any given day, the probabilities that each lawyer will be attending a trial is: 0.90, 0.90, 0.85, 0.80. Note that a lawyer attending a trial is independent of any other lawyer attending a trial
a. Find the probability distribution for the number of lawyers who has a trial on a given day.
b. Find the expected number of lawyers attending to a trial on a given day.
c. Find the standard deviation of the number of lawyers attending to a trial on a given day. Round your answer to four decimal points.
a) The probability distribution of the number of lawyers who has a trial on a given day is computed here as:
P(X = 0) = (1 - 0.9)2*(1 - 0.85)*(1 - 0.8) = 0.0003
P(X = 1) = 0.9*(1 - 0.9)*(1 - 0.85)*(1 - 0.8)*2 + (1 -
0.9)2*0.85*(1 - 0.8) + (1 - 0.9)2*(1 - 0.85)*0.8 = 0.0083
P(X = 2) = 0.92*(1 - 0.85)*(1 - 0.8) + 2*0.9*0.85*(1 - 0.9)*(1 -
0.8) + 2*0.9*0.8*(1 - 0.9)*(1 - 0.85) + 0.85*0.8*(1 - 0.9)2
P(X = 2) = 0.0833
P(X = 3) = 0.92*0.85*(1 - 0.8) + 0.92*0.8*(1 - 0.85) +
0.9*0.85*0.8*(1 - 0.9)*2 = 0.3573
P(X = 4) = 0.92*0.85*0.8 = 0.5508
This is the required PDF for X here:
P(X = 0) = 0.0003
P(X = 1) = 0.0069
P(X = 2) = 0.0833
P(X = 3) = 0.3573
P(X = 4) = 0.5508
b) The expected value of X here is obtained here as:
X | P(X = x) | xP(X = x) | x^2*P(X = x) |
0 | 0.0003 | 0 | 0 |
1 | 0.0083 | 0.0083 | 0.0083 |
2 | 0.0833 | 0.1666 | 0.3332 |
3 | 0.3573 | 1.0719 | 3.2157 |
4 | 0.5508 | 2.2032 | 8.8128 |
1 | 3.45 | 12.37 |
Therefore 3.45 is the required expected value of X here.
c) The standard deviation here is computed as:
Therefore 0.6837 is the required standard deviation here.