Probability Distributions (and Mathematical Expectation) This unit develops models for distributions that show the probabilities of all possible outcomes of an experiment. DEFINITIONS: random variable (X): the variable to be measured it has a single value for each outcome in an experiment ex. If X is the number rolled with one die, then x = 1, 2, 3, 4, 5, or 6 discrete random variable: continuous random variable: probability distribution: uniform probability distribution: values that are separate from each other (ie) integer values ex. the number of phone calls made by a salesman an infinite number of values on a continuous interval ex. the length of time spent on the phone by a salesman shows the probabilities of all the possible outcomes of an experiment the sum of the probabilities in any distribution is 1 all outcomes are equally likely Example 1 A single die is rolled. a) Define the random variable for the experiment. b) Determine the probability distribution for the experiment. Random Variable (X) Probability P(x) c) Draw the probability distribution graph. P(x) Probability X Number Rolled Is this an example of a uniform probability distribution? Example 2 Create a probability distribution table and a probability distribution graph for the number of heads that come up in the toss of two coins. The random variable for the experiment is ________________. S= { } Random Variable (X) Probability P(x) Is this an example of a uniform probability distribution? EXPECTED VALUE (or Mathematical Expectation) expected value E(X): the predicted average of all possible outcomes of a probability experiment E(X) = x1P(x1) + x2P(x2) + x3P(x3) + … + xnP(xn) Example 1 Given the following probability distribution, determine the expected value. x 2 4 6 P(x) 0.42 0.37 0.21 Example 2 In a school lottery, 1500 tickets are sold. PRIZES ($) 50 25 10 # of PRIZES 1 2 5 a) Determine the probability of winning a prize. b) Determine the expected value. c) If a ticket cost 50¢, determine the profit that the school makes on each ticket. Homework: p.374 – 376 #1, 2, 3ac, 4, 6ab, 8 – 12, 16bcd Additional Example (Probability Distribution) p. 375 #6. Determine the probability distribution for the sum rolled with two dice. The random variable (x) is the sum of the two dice. Sum (x) # of ways to achieve sum P(x) Example – A Two Dice Game A player pays $7 and then rolls two dice. The player is paid according to the given table. a) b) What amount can a player expect to win/lose by playing this game? What would be a “fair” value to pay to play this game? Sum 2 3 4 5 6 7 8 9 10 11 12 Winnings $ 10 9 8 7 6 5 6 7 8 9 10 A game is fair when E(x)=0. This is also the “break–even” point!