16.01.2013 Views

Random Variables and Discrete Probability Distributions

Random Variables and Discrete Probability Distributions

Random Variables and Discrete Probability Distributions

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Raffle Example<br />

• Next, we determine the probability<br />

that each outcome occurs.<br />

�� That is, P(X = $50) = 1/500 since<br />

there are two prizes of $50 <strong>and</strong> one<br />

thous<strong>and</strong> tickets were sold.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!