A bag contains 4 red and 2 blue balls, all of the same size. A ball is slected at random and removed from the bag. This s repeated until a blue ball is removed from the bag.
The random variable B is the number of balls that have been removed from the bag
a) show that P(B=2) = 4/15
b) Find the probability distribution of B
c) Find E(B)
The bag and the same ball 6 balls are used in a game at a funfair. One ball is removed from the bag at a time and a contestant wins 50 pence (or cents for americans :D) if one of the first two balls picked out is a blue
d) What are the expected winnings of playing this game once
For 1 pound (or again 1 dollar), the contestant gets to play the game three times
e) What is the expected profit or loss from the three games
I know its long but please help me
Maths with Statistics (please help)?
a)
P(B=2) = prob a red is picked first, then a blue is picked
= (4/6) * (2/5) = 4/15
b)
P(B = b) = 4! / (5-b)! * (7-b)!/6! * 2/(7-b)
b P(B=b)
1 5/15
2 4/15
3 3/15
4 2/15
5 1/15
B can only be between 1 and 5 because there after 4 reds a picked, there's 100% probability that a blue is next.
c)
E(B) = 1*5/15 + 2*4/15 + 3*3/15 + 4*2/15 + 5*1/15 = 7/3 = 2.3333
d)
You win $0.50 if B%26lt;=2, and win $0 if B%26gt;2
P(B%26lt;=2) = 5/15 + 4/15 = 9/15 = .6
P(B%26gt;2) = 3/15 + 2/15 + 1/15 = 6/15 = .4
Expected winnings = .6*$0.50 + .4*$0 = $0.30
e)
The three games are independent of each other, so the expected winnings is $0.30 + $0.30 + $0.30 = $0.90
but you payed $1 to play, so the expected profit(loss) = $0.90 - $1.00 = -$0.10
Ten cent loss.
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