Consider a gambling game where you have to throw two fair dice simultaneously. You would gain ₹ 2 for any even number that shows up, and lose ₹ 1 for any odd number that shows up. What is your expected gain or loss from the game?
5 marksStatisticsRandom variables and standard distributionsExpectation and varianceModerateabout 5 min
JNU SSS 2018 Question 46: Random variables and standard distributions
Answer and worked solution
Checking your account…
Random variables and standard distributions has come up 173 times in 7 exams since 2005.
What this question tests
This question is on Expectation and variance, part of Random variables and standard distributions in Statistics.
The mean and spread of a random variable, and how they change under transformations and sums.
TestStop has 50 past-paper questions on this subtopic; the nearest in year are below.
Similar questions from other papers
- Given below are two statements: Assertion A: A random variable is a numerical description of the outcome of an experiment. Reason R: The particular numerical value of a…
- Suppose, a random variable X follows a Poisson distribution with parameter λ=25. The coefficient of variation of the distribution is (rounded off to two decimal places)
- It is given that Prob(-1≤ z≤ 1)=0.683, Prob(-2≤ z≤ 2)=0.954, and Prob(-3≤ z≤ 3)=0.997, when z follows a standard normal distribution. If X follows a normal distribution…
- Suppose that the random variable X takes on the values: -1, 0, and 2 with probability 1/8, 1/2 and 3/8. Find the expected value of X.
- If X is a continuous random variable whose probability density function is given by f_X(x) = { 1/x² for 1 < x < ∞; 0 elsewhere } Then the median of X is (in integer)
Question from the JNU SSS 2018 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.