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Prob Endterm 21

1. Let X be a random variable following a Gamma(α , λ ) distribution. The question asks to find the value of E( X 3) and show important steps only. 2. Let X 1 , X 2 , ... , X n be iid random variables with a common mgf given by M X (t). The question asks to derive the mgf of ∑ (a X i−b) in terms of M X (t), where a and b are positive fixed constants. 3. Suppose that the number of minutes you need to wait for a bus is uniformly distributed between [0, 15]. The question asks to find the probability that your longest wait is less than

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10 views

Prob Endterm 21

1. Let X be a random variable following a Gamma(α , λ ) distribution. The question asks to find the value of E( X 3) and show important steps only. 2. Let X 1 , X 2 , ... , X n be iid random variables with a common mgf given by M X (t). The question asks to derive the mgf of ∑ (a X i−b) in terms of M X (t), where a and b are positive fixed constants. 3. Suppose that the number of minutes you need to wait for a bus is uniformly distributed between [0, 15]. The question asks to find the probability that your longest wait is less than

Uploaded by

goelaruna10
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Probability – Final Exam

Total Marks: 30

Total time: 90min

1. Let X be a random variable following a Gamma(α , λ ) distribution. For your convenience,


the density is as given below:

α
λ α −1 − λx
f ( x )= x e , x >0
Γ(α)

Find the value of E( X 3) . Please show important steps only. [3]

2. Let X 1 , X 2 , … , X n be iid random variables with a common mgf given by M X (t). Derive the
n
mgf of ∑ (a X i−b) in terms of M X (t), where a and b are positive fixed constants. [3]
i=1

3. Suppose that the number of minutes you need to wait for a bus is uniformly distributed
between [0, 15]. If you take the bus 5 times, what is the probability that your longest wait is
less than 10 minutes? [3]

4. Does the characteristic function of a random variable always exists? Why or why not? Please
give a short explanation. [2]

5. A random point is distributed uniformly on the square with vertices


( 1 ,1 ) , ( 1 ,−1 ) , (−1 ,1 ) ,(−1 ,−1). Write down the joint density of ( X , Y ) . Further, what is
P(2 X −Y >0) ? [4]

6. A heavy-equipment salesperson can contact either one or two customers in a day with
probabilities 1/3 and 2/3 respectively. Each contact will result in either a “no sale” or a Rs.
50000 sale, with probabilities 0.9 and 0.1 respectively. Find the salesperson’s expected daily
sales. [4]
7. Gasoline is to be stocked in a bulk tank once at the beginning of each week and then sold to
customers. Let X be the proportion of the capacity of the tank which is stocked, and Y be the
proportion of the capacity of the tank which is sold during the week. Let the joint density of
(X,Y) be given as,
f ( x , y )=3 x , 0 ≤ y ≤ x ≤ 1

What is the probability that more than ½ a tank is sold given that ¾ of the tank is stocked. [4]

8. Let X be a random variable following an exp (λ) distribution. For your convenience, the
density if given as below:

−λx
f ( x )= λ e , x> 0

Derive the density of Y =e−λX using the CDF approach, and identify the distribution. [3]

9. If X and Y are independent random variables, which of the following option is true? [1]

a) f ( y|x ) =f ( x )
b) COV ( X , Y )=0
c) f (x , y )=f ( y )
d) ρ ( X , Y )=1

10. Let X be a random variable and let M X (t) and P X (t) denote its moment generating
function and probability generating function respectively. Which of the following option is
true? [1]

a) M X ( t )=P X (t)
t
b) M X ( t )=e P X (t)
t
c) M X ( t )=P X (e )
d) M X ( e t ) =P X ( t)

11. Fill in the blanks. The density of the sum of two independent random variables is the
_______________ of the individual densities. [1]

12. Let X and Y be random variables having a common characteristic function given by e 3¿¿. A
naive statistician concludes that X =3 with probability 1 and Y =4 with probability 1. Can
this ever happen? Yes or no? Give a brief explanation. [1]

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