#1
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HELP!!!!
Ok all you math geeks, I need a little help. I have an extra credit question for homework and I'm having trouble with it.
A fair die is tossed. If it turns up 5 or 6, you win $2. Otherwise, you win nothing. Let x be the amount you win in one play of the game and X (x-bar) the average you win in two plays of the game. Give the sampling distribution of the sample mean, X (x-bar). I know this is a probability distrubution and it's early stat stuff, but I've forgotten it (it's been 10 years, sheesh, gimme a break) and now I'm stuggling with this one problem! Please help! ~stephen |
#2
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Re: HELP!!!!
One Play
2/6 of the time you win $2. 1/6 of the time you win $0. On average, you win $.666. [(2/6)*2 + (1/6)*0] Two Plays 16/36 of the time you win $0. [(4/6)^2] 4/36 of the time you win $4. [(2/6)^2] 16/36 of the time you win $2. [1 - (16/36) - (4/36)] On average you win $1.333. [(16/36)*0 + (4/36)*4 + (16/36)*2 -- this is twice the average you win from a single spin] I don't know if I've answered your question, but hopefully this will be of some help. -- Homer |
#3
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Re: HELP!!!!
[ QUOTE ]
One Play 2/6 of the time you win $2. 1/6 of the time you win $0. On average, you win $.666. [(2/6)*2 + (1/6)*0] [/ QUOTE ] Actually 4/6 of the time he wins $0 - not 1/6. You are wrong your whole calculation is messed up MUAHAHAAHAHAHHAHAHAHAHAHAHAHA!!!! The correct answer is [(2/6)*2 + (4/6)*0] = $.666!!!! Don't worry. I won't tell anybody. [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] |
#4
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Re: HELP!!!!
Yes, you are correct but all his other figures are correct so it doesn't really matter he fat fingered the keyboard!
~stephen |
#5
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Re: HELP!!!!
Yes, it's 4/6. Don't know why I wrote 1/6, and twice for that matter.
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#6
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Answer
In case you wanted to know:
X (x-bar) | P(x) ------------------------ 0 | .444 .50 | .444 1.00 | .111 The question asks for the average you win that's why X (x-bar) is in money. Thanks, Homer, for you leading me down the correct path. ~stephen |
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