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5.2 - Mean Variance and Standard Deviation
5.2 - Mean Variance and Standard Deviation
2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
MEAN:
Ex 1). Suppose two coins are tossed repeatedly, and the number of
heads that occurred is recorded. What will be the mean of the number
of heads?
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
Ex 2). Find the mean of the number of spots that appear when a die is
tossed.
Ex 3). In a family with two children, find the mean of the number of
children who will be girls.
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
Number of trips X 0 1 2 3 4
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
Ex 6). A talk radio station has four telephone lies. If the host is unable to
talk or is talking to a person, the other callers are placed on hold. When
al lines are in use, others who are trying to call in get a busy signal. The
probability that 0, 1, 2, 3, or 4 people will get through is shown in the
distribution. Find the variance and standard deviation for the distribution.
Should the station consider getting more telephone lines installed?
X 0 1 2 3 4
P(X) 0.18 0.34 0.23 0.21 0.04
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
EXPECTATION:
Ex 7). One thousand tickets are sold at $5 each for a ipad valued at
$499. What is the expected value of the gain if you purchase one
ticket?
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
Ex 8). A special sixsided die is made in which 3 sides have 6 spots, 2 sides
have 4 spots, and 1 side has 1 spot. If the die is rolled, find the expected
value of the number of spots that will occur.
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
Ex 9). A financial adviser suggests that his client select one of two types
of bonds in which to invest $5000. Bond X pays a return of 4% and has a
default rate of 2%. Bond Y has a 2.5% return and a default rate of 1%.
Find the expected rate of return and decide which bond would be a
better investment. When the bond defaults, the investor loses all the
investment.
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
Homework:
pg. 258 #6 30(eoe)
pg. 267 #2 14(e)
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5.2 Mean Variance Standard Deviation and Expectation.notebook May 09, 2016
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