Exam Questions and Answers
random variable - Correct Answers: takes numerical values and their probabilities of a RANDOM
VARIABLE
probability distribution - Correct Answers: gives its possible values and their probabilities of a random
variable
mean (expected value) of a discrete random variable - Correct Answers: suppose that x is a discrete
random variable with probability distribution
multiply each possible value by its probability, then add all the products: Mx=E(x)= x1p1+x2p2+
x3p3+...=
variance of a discrete random variable - Correct Answers: suppose that x is a discrete random variable
with probability distribution
and that the Mx is the mean of x, Var(x) = o^2x= (x1-mx)^2p1+ (x2-mx)^2p2+(x3-mx)^2p3+...=
standard deviation of a discrete random variable - Correct Answers: suppose that x is a discrete random
variable with probability disstribution
and that Mx is the mean of x, ox= square root of variance
continuous random variable - Correct Answers: x takes all values in an interval of numbers (the
probability distribution of X is described by a density curve. the probability of any event is the area
under the density curve and above the values of x that make up that event.)
independent random variables - Correct Answers: if knowing whether any event involving x alone has
occurred tells us nothing about the occurrence of any event involving y alone, and vice versa.
linear transformation - Correct Answers: involves adding or subtracting constant a, multiplying or
dividing by a constant b, or both