binomial uniform and normal

binomial uniform and normal

Please read the additional materials. Ignore the following below. Thank you.

BUS 190HW 9 – Random variables, binomial, uniform, normal

AS USUAL- SHOW YOUR WORK- SHOW GRAPHS WHERE APPROPRIATE

  • General random variable

Suppose you have a box of 10 tickets, with 3 green tickets and 7 yellow tickets. If you pick a green ticket out of the box, you get $10. If you pick a yellow ticket, you have to pay $5.Let the random variable X be the amount you get (if you have to pay, it is negative ‘pay’) after 1 draw from this box.

  • Set up the table for this random variable X, and indicate why it is a good random variable table (hint: check valid probability for each value of X and they sum to 1).