4. Suppose that X is a random variable taking just two possible values {a, b}, where P(X = a) = 1-p and P(X= b) = p. (a) Compute E(X). (b) Compute Var(X).

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 31E
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4. Suppose that X is a random variable taking just two possible values {a, b}, where P(X = a) = 1 - p
and P(X= b) = p.
(a) Compute E(X).
(b) Compute Var(X).
Transcribed Image Text:4. Suppose that X is a random variable taking just two possible values {a, b}, where P(X = a) = 1 - p and P(X= b) = p. (a) Compute E(X). (b) Compute Var(X).
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