Cumulative Review, sample questions covering chapters 7 and 8
Random variable X has a mean of 8 and a standard deviation of 4. Random variable Y has a mean of 5 and a standard deviation of 2. Let W = X - 2Y. Assuming that X and Y are independent, calculate the mean and standard deviation of W.
The mean temperature in September was 20 degrees Celsius with a standard deviation of 4.5 degrees. What was the mean and standard deviation of the temperature in Farenheit? (Farenheit = 9/5 Celsius + 32)
The Redskins have 6 games left. Assume that the games are independent and that the Redskins have a 60 percent chance of winning each game.
Which of the following is a valid probability density function when defined over the domain 0<=X<=2?f(x) = .5x
Suppose that we have a roulette wheel with 2 green slots (zero and double-zero), 18 red slots, and 18 black slots. If you bet $1 on red and win, you are plus $1. If you bet $1 on red and lose, you are minus $1. What is the expected value of a $1 bet on red? What is the expected value of a $5 bet on red? What is the standard deviation of a $5 bet on red?