Question

In: Statistics and Probability

A law firm specializing in corporate law has 4 lawyers. Because of various reasons, on any...

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.

Solutions

Expert Solution

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.


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