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Quantitative Techniques – I




                    Notes
                                          Example: Two unbiased die are thrown. Let the random variable X denote the sum of
                                   points obtained. Construct the probability distribution of X.
                                   Solution:
                                   The possible values of the random variable are:
                                                              2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12

                                   The probabilities of various values of X  are shown in the following table:
                                                              Probability  Distribution of  X
                                              X     2   3   4   5   6   7   8   9   10  11  12  Total
                                                   1    2   3   4   5   6   5   4    3   2   1
                                             p X                                                  1
                                                   36  36  36  36  36   36  36  36  36  36  36

                                          Example: Three marbles are drawn at random from a bag containing 4 red and 2 white
                                   marbles. If the random variable  X denotes the number of red marbles drawn, construct the
                                   probability distribution of X.

                                   Solution:
                                   The given random variable can take 3 possible values, i.e., 1, 2 and 3. Thus, we can compute the
                                   probabilities of various values of the random variable as given below:

                                                                                4    2
                                                                                 C    C    4
                                          P(X = 1, i.e., 1R and 2 W marbles are drawn)   1  2
                                                                                  6
                                                                                   C 3    20
                                                                                4    2
                                                                                C     C   12
                                          P(X = 2, i.e., 2R and 1W marbles are drawn)   2  1
                                                                                  6
                                                                                   C 3    20
                                                                         4
                                                                          C    4
                                          P(X = 3, i.e., 3R marbles are drawn)   3
                                                                         6
                                                                          C 3  20
                                   Note: In the event of white balls being greater than 2, the possible values of the random variable would
                                   have been 0, 1, 2 and 3.
                                   13.2 The Binomial Probability Distribution

                                   If the assumptions of the Bernoulli process are satisfied and if the probability of a success on one
                                   trial is p, then the probability distribution of the number of successes, r, in n trials, is a binomial
                                   distribution, and is given by the formula:



                                   Performing computations using the above equation can be tedious if the number of trials  is
                                   large.
                                   Binomial  distribution is  a  theoretical  probability distribution  which  was given  by  James
                                   Bernoulli. This distribution is applicable to situations with the following characteristics:
                                   1.  An experiment consists of a finite number of repeated trials.
                                   2.  Each trial has only two possible, mutually exclusive, outcomes which are  termed as a
                                       ‘success’ or a ‘failure’.






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