Example 1 The Officer of SJA Class 71 Decide To Conduct A Lottery For The Benefit of The Less Privilege Students
Example 1 The Officer of SJA Class 71 Decide To Conduct A Lottery For The Benefit of The Less Privilege Students
Example 1 The Officer of SJA Class 71 Decide To Conduct A Lottery For The Benefit of The Less Privilege Students
The mean of a discrete random variable can be thought of as “anticipated value”. It is the sum of the
possible outcomes of the experiment multiplied by their corresponding probabilities.
Just like in the previous topic, the mean will be called expected value.
Example 1 The officer of SJA class 71 decide to conduct a lottery for the benefit of the less privilege students
of their alma matter. Two hundred tickets will be sold. One ticket will win ₱5,000.00 price and the
other ticket will win nothing. If you will buy one ticket, what will be your expected gain?
Solution: One ticket will have a gain of ₱5,000.00 but the probability of winning will only be or 0.005. The
remaining tickets will have a gain of ₱0.00, and the probability will be or 0.995
( ) ( )
0 0.995 0
5000 0.005 25
∑ [ ( )]
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Solution: One ticket will have a gain of ₱3,000.00 but the probability of winning will only be or 0.00625.
The remaining tickets will have a gain of ₱0.00 and the probability will be or 0.99375.
( ) ( ) ( ) ( ) ( )
0 0.99375 0 -18.75 351.5625 349.3652344
3000 0.00625 18.75 2981.25 8887851.563 55549.07227
∑ [ ( )] ∑ [( ) ( )] 55898.4375
( ) ∑ [ ( )]
∑ [( ) ( )]
Example 3 Jack tosses an unbiased coin. He receives ₱50.00 if a head appears and pays ₱30.00 if a tail
appears. Find the expected value and variance of his gain.
Solution:
( ) ( ) ( ) ( ) ( )
-30 0.5 -15 -40 1600 800
50 0.5 25 40 1600 800
∑ [( ) ( )] 1600
∑ [ ( )]
In tossing an unbiased coin, there are two elementary events which are equally likely. The probability
of occurrence of each of this elementary event is 0.5. Jack will have a gain of ₱50.00 if a head appears and a
loss of ₱30 if a tail appears. But then, the probability of a head appearing and the probability of the tail
appearing are the same. The expected gain is ₱10. The variance is 1600.
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Name:__________________________________________ Section:_____________________________
Parent’s Signature: _______________________________ Date Submitted:___________________________
ACTIVITY 1.3
Directions: Solve what is asked in the following problems below. Show your solution.
1. The officers of the Science Club are planning to sell 125 tickets to be raffled during the school’s
foundation day. One ticket will win ₱2000.00 and the other tickets will win nothing. If you will buy one
ticket, what will be your expected gain?, what will be the variance?
( ) ( ) ( ) ( ) ( )
∑ [ ( )] ∑ [( ) ( )]
2. A lottery will be conducted for the benefit of the poor but deserving student of a certain school. Four
hundred tickets will be sold. One ticket will win ₱2000.00 and the other tickets will win nothing. If you
will buy one ticket, what will be your expected gain? , what will be the variance?
( ) ( ) ( ) ( ) ( )
∑ [ ( )] ∑ [( ) ( )]
3. Laverny tosses an unbiased coin. He receives ₱100.00 if a head appears and he pays ₱40.00 if a tail
appears. Find the expected value and the variance of his gain.
( ) ( ) ( ) ( ) ( )
∑ [ ( )] ∑ [( ) ( )]
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S.Y 2021-2022
VII. Assessment
Directions: Solve what is asked in the following problems below. Show your solution.
1) Five hundred tickets will be sold and these will be raffled during the town fiesta. One of these
tickets will win ₱3000.00 and the rest will win nothing. What will be the expected outcome and
variance of your gain if you will buy one of the tickets?
a.
( ) ( ) ( ) ( ) ( )
b. ∑ [ ( )]
c. ∑ [( ) ( )]
2) Five hundred tickets will be sold and these will be raffled during the town fiesta. One of these
tickets will win ₱3000.00 and the rest will win nothing. What will be the expected outcome and
variance of your gain if you will buy one of the tickets?
a.
( ) ( ) ( ) ( ) ( )
b. ∑ [ ( )]
c. ∑ [( ) ( )]
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3) You are in a carnival and you see a game. The rule says that the outcome in the game is a
random variable from 1 to 14 and that if the outcome is even you win ₱50. If the outcome is
odd, you win nothing. If you play the game, what will be the expected outcome and variance of
your gain
a.
( ) ( ) ( ) ( ) ( )
b. ∑ [ ( )]
c. ∑ [( ) ( )]
4. Jack tosses an unbiased coin. He receives ₱50.00 if a head appears and he pays ₱60.00 if a tail appears.
Find the expected value and the variance of his gain.
a.
( ) ( ) ( ) ( ) ( )
b. ∑ [ ( )]
c. ∑ [( ) ( )]
Prepared by:
ULYSIS L. PEVIDA
SUBJECT TEACHER