-- Aug 30 In-Class Exercise Thread
Brithday is Nov 28
Random variable X=The amount that Bob pays,
S={head, tail},
X(h)=5 if X is head,
X(t)=1 if X is tail,
Pr(head)=1/28
Pr(tail)=1-1/28=27/28
E(X)=X(h)*Pr(X(h))+X(t)*Pr(X(t))=5*1/28+1*(1-1/28)=8/7
(
Edited: 2017-08-30)
Brithday is Nov 28
Random variable X=The amount that Bob pays,
S={head, tail},
X(h)=5 if X is head,
X(t)=1 if X is tail,
Pr(head)=1/28
Pr(tail)=1-1/28=27/28
E(X)=X(h)*Pr(X(h))+X(t)*Pr(X(t))=5*1/28+1*(1-1/28)=8/7