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Math Help - Word problem dont know where to begin

  1. #1
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    Word problem dont know where to begin

    For an upcoming concert, each customer may purchase up to 3 child tickets and 3 adult tickets. let C be the number of child tickets purchased by a single customer. The probability distribution of the number of child tickets purchased by a single customer is given below.

    ----------------------
    C |0 |1 |2 |3 |
    P(c) |0.4|0.3|0.2|0.1 |
    ----------------------


    A) Compute the mean and standard deviation of c


    b) suppose the mean and the standard deviation for the number of adult tickets purchased by a signle customer are 2 and 1.2, respectively. Assume that the number of child tickets and adult tickets purchased are independent random variables. Compute the mean and the standard deviation of the total number of adult and child tickets purchased by a single customer.

    c) Suppose each child ticket costs $15 and each adult ticket costs $25. Compute the mean and the standard deviation of the total amount spent per purchase.



    Anyone want to help me on how to just start this problem?I'm sure ill come back with more questions after.
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  2. #2
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    a) The mean,
    E(C) = \sum_1^i \;C_i \times P(C = C_i)
    = 0 \times 0.4 + 1 \times 0.3 .....


    Var(C) = E(C^2) - [E(C)]^2

    where E(C^2) = \sum_1^i \;(C_i)^2 \times P(C = C_i)
    = 0^2 \times 0.4 + 1^2 \times 0.3 .....

    and remember standard deviation, \sigma_c = \sqrt{Var(C)}


    b) For any two random variables X and Y, E(X + Y) = E(X) + E(Y) and Var(X + Y) = Var(X) + Var(Y)


    c) For this question, use the rules E(aX + bY) = aE(x) + bE(Y) and Var(aX + bY) = a^2Var(X) + b^2Var(Y)
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  3. #3
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    Quote Originally Posted by nzmathman View Post
    a) The mean,
    b) For any two random variables X and Y, E(X + Y) = E(X) + E(Y) and Var(X + Y) = Var(X) + Var(Y)


    c) For this question, use the rules E(aX + bY) = aE(x) + bE(Y) and Var(aX + bY) = a^2Var(X) + b^2Var(Y)
    Well, more specifically, any two independent random variables X and Y. If they are not independent, there will be a leftover covariance term in there...
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  4. #4
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    "Well, more specifically, any two independent random variables X and Y. If they are not independent, there will be a leftover covariance term in there..."

    Yes, I'm aware of this, but didn't mention it, as part (b) of the question tells you the variables in this situation are random and independant.
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  5. #5
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    nz, it obviously looks like you know your stuff. However, my math teacher most definitely, has not taught us your method yet. Nor have we learned whatever you did. I was wondering if there was a different more simpler way to do this, as really, I've never seen that before.

    Let me know, thanks!
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  6. #6
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    Quote Originally Posted by Bradley55 View Post
    nz, it obviously looks like you know your stuff. However, my math teacher most definitely, has not taught us your method yet. Nor have we learned whatever you did. I was wondering if there was a different more simpler way to do this, as really, I've never seen that before.

    Let me know, thanks!
    Which part have you not seen before and therefore need explained in a different way?
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  7. #7
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    How can you do this question if you do not know all this? Unless you have a graphics calculator capable of calculating statistical values from a user-entered table of data?
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  8. #8
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    Quote Originally Posted by nzmathman View Post
    How can you do this question if you do not know all this? Unless you have a graphics calculator capable of calculating statistical values from a user-entered table of data?

    I think i remember dong a 1-var stats with something. is that possible with this method?
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  9. #9
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    Quote Originally Posted by Bradley55 View Post
    I think i remember dong a 1-var stats with something. is that possible with this method?
    Your teacher has a lot of explaining to do, then, not us. Ask your teacher what she/he has taught you so far in class can be used to do this problem. I am out of ideas if she has not yet taught you the concepts of expected value or variance.

    On the other hand, surely you understand the concept of expected value? It is simply a weighted average of all the possible values a variable X can take on. For example, if you have a 50% chance of earned $100 and 50% chance of earning $200, then you EXPECT to earn, on average, 0.5(100)+0.5(200) = $150. In your case, you have four possible values for your variable instead of just two - just multiple each value by its probability and add all of such products up - that's your expected.

    nzmathman did forget one thing: there is another way to calculate variance. Instead of using var(x) = E(x^2) - (E(x))^2, we can use var(x) = E((E(x)-x)^2)

    Using this method, variance is calculated by: var(x) = \sum_{i=1}^n p(x_i) (\bar{x}- x_i)^2 where the mean \bar{x} = \sum_{i=1}^n p(x_i) x_i

    So, first figure out \bar{x}: = 0 \times 0.4 + 1 \times 0.3 ...... You should get 1.

    Then find the squared error of each x_i from that mean and multiply those by their probabilities: (0.4)(0-1)^2 + (0.3)(1-1)^2 + (0.2)(2-1)^2 + (0.1)(3-1)^2. That is your variance.

    Remember to square root that to get standard deviation. You should get 1 for both variance and standard deviation.
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  10. #10
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    wait I think i remember a way my teacher taught us now.

    Cant I just times 0 x .4 , 1x.3 , 2x.2, and 3x.1 ?

    My notes are saying that will give me expected value.

    Then i take each of those 4 values and i think times all 4 together?
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  11. #11
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    Quote Originally Posted by Bradley55 View Post
    wait I think i remember a way my teacher taught us now.

    Cant I just times 0 x .4 , 1x.3 , 2x.2, and 3x.1 ?

    My notes are saying that will give me expected value.

    Then i take each of those 4 values and i think times all 4 together? Mr F says: Add them together, not multiply together.
    That's exactly what nzmathman said in post #2 (except s/he didn't make the mistake I've corrected you on).

    It looks like your notes could be a veritable goldmine of information. I suggest you study them very closely - I suspect all the answers to what you've asked following post #2 will be there .....
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  12. #12
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    Okay, so after doing my calculations i got the expected value of 1.


    questions "a" asks for the mean and standard deviation for c. Isnt the mean 1.5? just (3+2+1+0 / 4 = 1.5)?

    And my notes only reminded me of this, they are incomplete , so if i did any of this right what should be my next step?
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  13. #13
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    Quote Originally Posted by Bradley55 View Post
    Okay, so after doing my calculations i got the expected value of 1.


    questions "a" asks for the mean and standard deviation for c. Isnt the mean 1.5? just (3+2+1+0 / 4 = 1.5)?

    And my notes only reminded me of this, they are incomplete , so if i did any of this right what should be my next step?
    The expected value IS the mean. In other words: expected value = mean = 1

    What you should do next has already been answered twice, once by nzmathman in post #2 and again by me in post #9...

    Please read!
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  14. #14
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    Quote Originally Posted by Last_Singularity View Post

    Then find the squared error of each x_i from that mean and multiply those by their probabilities: (0.4)(0-1)^2 + (0.3)(1-1)^2 + (0.2)(2-1)^2 + (0.1)(3-1)^2. That is your variance.

    Remember to square root that to get standard deviation. You should get 1 for both variance and standard deviation.

    So I see now that 1 is the mean and ALSO 1 is the standard deviation, because after is square root the variance (1) i get 1 for the Standard Deviation?

    Now onto b, ???.
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  15. #15
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    Again, post #2 by nzmathman...

    Quote Originally Posted by nzmathman View Post
    b) For any two random variables X and Y, E(X + Y) = E(X) + E(Y) and Var(X + Y) = Var(X) + Var(Y)
    In other words, to find the total mean of adult & child tickets combined, add up the individual means. Same with the variances. And remember to square root the variance to get the standard deviation.
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