Chapter 5

The video above is from a past semester.  The material is the same but any dates mentioned will be incorrect.   For the current term, please refer to the due dates in syllabus.

Chapter 5--Probability Distributions

Section 5-1 

Random variable- A variable whose values are determined by chance. (has a single numerical value).

Probability distribution-The values a random variable can assume and the corresponding probabilities of the values.

Discrete random variable- A variable that takes values from an finite or countable set.

Continuous random variable- A variable that takes values from a infinite or uncountable set. 

Example: Identify as discrete random variable, continuous random variable, or not a random variable.

Requirements of a probability distribution:

1)    The sum of the probabilities is 1

2)    Each probability is between 0 and 1.

 

5-1 #28 Expected Value in Roulette.  When playing roulette at the Venetian casino in Las Vegas, a gambler is trying to decide whether to bet $5 on the number 27 or $5 that the outcome is any one of these 5 possibilities: 0, 00, 1, 2, 3.  From example 6, we know that the expected value of the $5 bet for a single number is $ -.26. For the $5 bet that the outcome is 0, 00, 1, 2, or 3, there is a probability of 5/38 of making a net profit of $30 and a 33/38 probability of losing $5.

Expected Value Video for further explanation 


Section 5-2

Binomial Probability Distribution Requirements

Binomial Formula:

P(x) = nCx  * p^x   * q^(n-x)

p= probability of success

q= probability of failure (1-p)

n= number of trials

x= number of successes among n trials

Example:  Determine whether the given procedure results in a binomial distribution.

Binomial, as all 4 of the above requirements are satisfied.

2.  Ten different senators are randomly selected without replacement, and the number of terms that they have served are recorded.

Not Binomial, there are more than 2 outcomes (number of terms they have served)


5-2 #13 Guessing Answers.  Standard tests, such as the SAT, ACT, or Medical College Admission Test (MCAT), typically use multiple choice questions, each with five possible answers (a,b,c,d,e), one of which is correct. Assume you guess the answers to the first 3 questions.

              A. Use the multiplication rule to find the probability that the first two guesses are wrong and the third is correct.  That is, find P(WWC), where W denotes a wrong answer and C denotes a correct answer.

P(WWC)=P(W)*P(W)*P(C)=(4/5)*(4/5)*(1/5)=16/125

B.  Beginning with WWC, make a complete list of the different possible arrangements of two wrong answers and one correct answer, then find the probability of each entry in the list.

P(WWC)=P(W)*P(W)*P(C)=(4/5)*(4/5)*(1/5)=16/125

P(WCW)=P(W)*P(C)*P(W)=(4/5)*(1/5)*(4/5)=16/125

P(CWW)=P(C)*P(W)*P(W)=(1/5)*(4/5)*(4/5)=16/125

              C. Based on the preceding results, what is the probability of getting exactly one correct answer when three guesses are made?

P(exactly one correct) = P(1)=P(WWC) + P(WCW) + P(CWW) = 16/125 + 16/125 + 16/125 = 3(16/125) = .384 

Binomial Formula:

P(x) = nCx  * p^x   * q^(n-x)

p= probability of success

q= probability of failure (1-p)

n= number of trials

x= number of successes among n trials

This is a shortcut to the above example (#13).  Redoing part C using this formula would be

P(x) = nCx  * p^x   * q^(n-x)

P(1) = 3C1  *(1/5)^1  *  (4/5)^2

=3*(1/5)(4/5)(4/5) Notice we have the same pattern as in #13 ...3 combinations of 16/125 

=3(16/125)=.384

Assume that random guesses are made for eight multiple choice questions on an SAT test, so that there are n=8 trials, each with probability of success (correct) given by p=0.20. Find the probability for the number of correct answers. Note: You can use your calculator or statcrunch for these.

SUPER HELPFUL video on the binomial distribution and how to use Statcrunch to solve them

5-2 #28  Based on a Harris poll, among adults who regret getting tattoos, 20% say they were too young when they got their tattoos.  Assume that five adults who regret getting tattoos are randomly selected, and find the indicated probability.

LET'S GO TO BURNINGMAN!  Don't know what Burningman is?...look it up! It probably won't help much but at least you'll have an idea that it is an extremely unique experience to say the least.  Tickets to the 75,000 participant event are hard to come by, and getting more difficult.  This past year there were approximately 10,000 tickets during the main sale (most of the tickets go to camps essential to the event) and somewhere in the neighborhood of 80,000 people trying to get them.  So the probability of getting a ticket during the main sale is roughly 1/8=0.125.

How can you get a ticket to Burningman? Well, the probability of having one account and getting a ticket is approximately 1/8 or 0.125.  What if we had our friends/family help out?  Would that improve our chances?  By how much?

Say we were able to get 5 people to help out (including ourselves), what would be the probability that we get at least one ticket?

P( at least one ticket)
= 1- P(No tickets)
=1 - 5C0 *(1/8)^0 * (7/8)^5            
=1 - .5129 = .4871    (We increased our chances from 12.5% to 48.7% of at least one ticket)

What if we were able to get 10 people to help?
P( at least one ticket)
= 1- P(No tickets)
=1 - 10C0 *(1/8)^0 *(7/8)^10             
=1 - .2631= .7369       (We increased our chances from 12.5% to 73.7% of at least one ticket)

Is this ethical to do?  Probably not.  Does it drastically improve your chances of getting a ticket? Most definitely.  The Burningman organization has recently been on the look out for people using this method to better their chances and will cancel accounts if they have a suspicion of people using the idea.  That being said, this idea can be used in other permit/ticket situations to increase chances. Whitewater rafting permits, hiking permits, and the like.