Random Variables and Discrete Probability Distributions

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What is the expected prize for our raffle example? • We have already created the probability distribution for our raffle.
What is the expected prize for our raffle example? Probability Distribution for the Prizes, in dollars, that a Person who Buys One $1-Raffle $1 Raffle Ticket could win in a Raffle for which One-Thousand One Thousand Tickets are Sold x P(X = x) 500 1/1000 200 1/1000 50 1/500 10 3/1000 0 993/1000
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Random Variables and Discrete Proba
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Random Variable • A random variab
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Random Variable • A discrete rand
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Random Variable • A continuous ra
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Probability Distribution for a Disc
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What is the probability distributio
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Did you notice that each example me
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Requirements for a probability dist
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Requirements for a probability dist
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Did you notice that if the examples
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Did you notice that if the examples
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Notation • For clarity, we will u
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Does the table below represent a pr
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Probability Histogram • As with a
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Raffle Example • Although there a
Page 81 and 82: Raffle Example • Since not not wi
Page 83 and 84: Raffle Example • Next, we determi
Page 89 and 90: Raffle Example • Finally, we comp
Page 91 and 92: Raffle Example Probability Distribu
Page 93 and 94: Raffle Example • We do not need t
Page 95 and 96: Raffle Example • Winnings Winning
Page 97 and 98: Raffle Example • Alternate Altern
Page 103 and 104: Raffle Example • Combining this i
Page 105 and 106: Raffle Example • Note: The point
Page 107 and 108: Raffle Example • Did you notice t
Page 109 and 110: Raffle Example • Did you notice t
Page 111 and 112: Expected Value for a Discrete Rando
Page 119 and 120: How many Heads should we expect if
Page 125 and 126: What is the expected value for the
Page 131: What is the expected prize for our
Page 135 and 136: What is the expected prize for our
Page 137 and 138: What are the expected winnings for
Page 143 and 144: For our raffle example, can we use
Page 149 and 150: Variance and Standard Deviation for
Page 151 and 152: What is the standard deviation for
Page 167: Variance and Standard Deviation for
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Random Variables and Discrete Probability Distributions

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