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Expected value 2012-08-25
melanie pose la question :
The probabilities are 0.24 , 0.35 , 0.29 , and 0.12 that a speculator will be able to sell a subdivision lot within a year at a profit of P120, 500 , at a profit of P80,000 , at a profit of P40,000 , or at a lost of P60,000 respectively . What is his expected profit ?
Penny Nom lui répond.
Expected value 2012-02-24
Lara pose la question :
A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report the probability that the male survives the year is 0.998734. Compute and interpret the expected value of this policy to the insurance company.
I'm very confused on how to do this. I assume x is the profit the insurance company makes in the year of $350 but beyond that I don't know what to do. Thanks.

Penny Nom lui répond.
Expected value 2009-04-11
jp pose la question :
you pay $.50 and pick a four-digit number. The state chooses a four-digit number at random and pays you $2500.00 if your number i chosen. What are the expected winnings from a $.50 Pick 4 wager?
Stephen La Rocque and Harley Weston lui répond.
Expected value and standard deviation 2008-03-19
Patrick pose la question :
Heres a question i cant figure out:
a small airline company has only three flights per day. The number of delayed flights per day is regarded as a random variable, and I'm supposed to calculate the expected value and standard deviation of the number of delays. the probability distribution looks like:
No. of Delays: 0 1 2 3
Prob. of delay: 05. 0.3 .1 .1

Harley Weston lui répond.
A statistics example 2007-08-02
Claudia pose la question :
A particular employee arrives to work some time between 8:00 am - 8:30 am. Based on past experience the Company has determined that the employee is equally likely to arrive at any time between 8:00 am - 8:30 am.

On average, what time does the employee arrive?

What is the standard deviation of the time at which the employee arrives?

Find the probability that the employee arrives exactly at 8:12 am?

Find the probability that the employee arrives between 8:20 am - 8:25 am?

Har lui répond.
Expected value 2007-03-30
Katrina pose la question :
A term life insurance policy will pay a beneficiary a certain sum of money upon the death of the policy holder. These policies have premiums that must be paid annually. Suppose a life insurance company sells a $250,000 one-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report, Vol. 47, No. 28, the probability the male will survive the year is 0.99865. Compute the expected value of this policy to the insurance company. Does the company expect to make money at this rate?
Penny Nom lui répond.
What is the expected number of ripe and ready to eat watermelons 2006-11-29
James pose la question :
An agricultural cooperative claims 95 percent of the watermelons shipped out are ripe and ready to eat. If 20 watermelons are shipped out , what is the probability that the number of watermelon that are ripe and ready to is (i) exactly 14 (ii) more than 18 (iii) of the 20 watermelons that are shipped what is the expected number of ripe and ready to eat watermelons
Penny Nom lui répond.
E(X + Y) and V(X + Y) 2003-07-10
Reuben pose la question :

I'm a teacher trying to find a way to make some stats work from first principles. The topic is expectation algebra and it is for the top age level in high school.

By using a set of data I can show how the mean is the same as the expected value ie 2,2,3,4,4 is 15 / 5 = 3 also, 2x0.4+3x0.2+4x0.4=3. I can also show this to work for the variance in the same style but using Sum(x-mean)2/n and the Var(X) version of squaring x then multiplying by the probability ( all this for random independant samples).

Now comes the tricky bit.....when I try to show E(X+Y) = E(X) + E(Y) from setting up two data sets I get it to work only if I add each item from X to each item from Y. However, I can't get it to work for V(X+Y)=V(X) + V(Y) from two sets of data.

There must be something missing in my knowledge of how the sets are required to add together or my knowledge of expectation algebra. I am familiar with proofs but still want to show my students that the basic formulae work from groups of data whether done the long way or by use of formulae. Can you help please?


Penny Nom lui répond.
Expected value 2001-04-24
Cindy pose la question :
A game consists of rolling a single fair die. If a number great than 4 is rolled you win the number of dollars showing on the die. If any other number is rolled, you receive $1.00. What is the expected value of this game?
Andrei Volodin lui répond.
Expected number 2000-11-02
James pose la question :
1)There are 40,25,50 students in the traditional,reformed,and reformed traditional Calculas sections taught by three teachers. On one fine day the three sections congregate together to watch the NOVA video tape on Fermat's Last Theorem.

a) A student is randomly selected from he crowed of students.What is the expected number of students in the same section of this student?

****this question which i did not have any idea to do as follow for the part b
b) If one of the three teachers is selected at random, what is the expected number of students taught by is teacher?


Harley Weston lui répond.
An expected value 2000-04-24
Carl Pride pose la question :
Suppose that in a statistics class of size 23, each student has a probability of passing of 73 percent.

sample:

What is the expected number of students who will pass??


Harley Weston lui répond.
Instant Winner 1999-04-07
FSSTAN pose la question :
The probabilities of being an "instant winner" of $25 or $50 in a lottery are 1/600 and 1/1200, respectively. The mathematical expectation of being an "instant winner" of $25 or $50 is?
Jack LeSage and Penny Nom lui répond.
 
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