Is this answer correct Let X denote a random variable that t
Is this answer correct?
Let X denote a random variable that takes on any of the values -1, 0, and 1 with respective probabilities Calculate Var(X) if X represents the outcome when a fair die is rolled. It is known that screws produced by a certain company will be defective with probability .01, each other The company sells the screws in packages of 10 and offers a money-back guarantee that at most 1 of the 10 screws is defective. What proportion of packages sold must the company replace?Solution
1) Answer is wrong. the correct answer is as follows:
E(X2) = (-12)*(0.2) +(02)*(0.5) +(12)*(0.3) = 0.2 + 0 + 0.3 = 0.5
2) E(X) is correct
V(X) = E(X2) - (E(X))2 = (1+4+9+16+25+36)/6 -(3.5)2 =2.9167
