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sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2sta3032 homework 2
Typology: Exercises
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STA 3032 Homework 2
(a) Find the probability that exactly six people have to be interviewed to en- counter the first consumer who prefers brand A. (b) On average, how many people do we expect to interview to encounter the first consumer who prefers brand A?
(a) Find the expected value of C and std deviation of C. (b) Using Chebyshev’s inequality, find an interval where we would expect C to lie with probability at least 0.75.
Cov(aX +bY +e, cX +dY +f ) = ac·V ar(X)+bd·V ar(Y )+(ad+bc)·Cov(X, Y )
[Hint: Recall Cov(X, Y ) = E(XY ) − E(X)E(Y ) for any two random variables X and Y. Try to write down the Covariance term in Expectation of product of certain quantities, then expand the term inside expectation and use linearity of expectation]