Basic Expected Value Problem (probability)

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SUMMARY

The discussion centers on calculating the expected value of the polynomial function E[4 + 4X + X^2] using the known values E(X) = 2 and Var(X) = 3. Participants clarify that the variance can be expressed as Var(X) = E(X^2) - (E(X))^2, leading to E(X^2) = Var(X) + E(X)^2. The final calculation confirms that E[4 + 4X + X^2] equals 19, derived from substituting the values of E(4), E(X), Var(X), and E(X^2) into the equation.

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  • Understanding of expected value and variance in probability theory
  • Familiarity with polynomial functions and their properties
  • Knowledge of basic algebraic manipulation and rearranging equations
  • Ability to apply statistical formulas such as E(A + B) = E(A) + E(B)
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  • Study the properties of variance and expected value in more complex distributions
  • Learn about the Central Limit Theorem and its implications for expected values
  • Explore applications of expected value in real-world scenarios, such as finance and risk assessment
  • Investigate the use of moment-generating functions in probability theory
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shawn87411
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E[X]=2
Var(X)=3
Find E[4+4x+x^2]

I'm just confused what its asking. The expected value of this function is 2 so the average of it is 2 and the variance is how much it varies which is 3? Every example I have for expected values is related to an example such as cards, not just a polynomial
 
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The word variance seems to confuse you. By definition (almost) var(X)=E(X^2)-(E(X))^2.

Also as you should know, E(A+B+C)=E(A)+E(B)+E(C)

You should be able to work it out.
 
mathman said:
The word variance seems to confuse you. By definition (almost) var(X)=E(X^2)-(E(X))^2.

Also as you should know, E(A+B+C)=E(A)+E(B)+E(C)

You should be able to work it out.

So Var(x) = 3 = E(2^2-(E(4)+E(4x)+E(x^2))?

Sorry I had a bad flu the past week so I missed my monday and wednesday lecture and our book is pretty lackluster
 
Precisely.
 
No, in your working, the brackets are in the wrong place, and you've ended up saying X = 2 in the first part, rather than E(X) = 2.

Use the equations mathman said, rearrange your Var(X) equation to get E(X^2) = Var(X) + E(X)^2, and from there, its just plugging in what you already know.
 
mattgad said:
No, in your working, the brackets are in the wrong place, and you've ended up saying X = 2 in the first part, rather than E(X) = 2.

Use the equations mathman said, rearrange your Var(X) equation to get E(X^2) = Var(X) + E(X)^2, and from there, its just plugging in what you already know.

So I have 7=E(4)+E(4x)+E(x^2) but I'm confused what i do now. Do I plug in E(x)=2 so E(4x)=8 and E(x^2)=E(4)? if so where do you go from there, I'm just confused what I'm solving for
 
Your not 'solving'

I don't know where your getting this 7 from?

E(4)+E(4X)+E(X^2), as you've stated, is E(4) + 4E(X) + E(X^2), which is E(4) + 4E(X) + Var(X) + E(X)^2, all of which you have values for. Again, you've said E(X^2) = E(4), here your saying X = 2, but X is a random variable, you cannot assume a value for X.
 
E(X^2) = Var(X) + E(X)^2, with Var(X)=3 and E(X)^2=4 so 4+3 gives the 7.

So do you not solve anything and it stays at 7=E(4)+4E(X)+E(X^2)?
 
All your doing is working out the value of E[4+4X+X^2], and your using the fact that E(X^2) = 7 to help you, your not equating anything to 7.
 
  • #10
Your just trying to find the expected value of 4+4x+x^2, so all I have to say is E(4+4x+x6x^2)=E(4)+4E(x)+Var(X)+E(X^2)? Thats it? You don't say Var(X)=3 and E(X^2)=4 and plug that in?
 
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  • #11
You've got to plug in the numerical values you know for E(4), E(X), Var(X) and E(X^2) to get a numerical answer.
 
  • #12
E(4)=4
E(X)=2
Var(X)=3
E(X^2)=4

E(4)+4E(X)+4E(X^2)=13?
 
  • #13
E(4+4X+X^2) = E(4) + 4E(X) + Var(X) + E(X)^2, as we discussed, I'm not sure where you've got your above equation from.
 
  • #14
Alright, I'm really confused. You said I know the values for E(4), E(X), Var(X) and E(X^2) and those need to be plugged in. You also said

E(4+4x+X^2) = E(4)+4E(X)+E(X^2) = E(4)+4E(X)+Var(X)+E(X)^2

Its given that E(X)=2, Var(X)=3. This gives E(X)^2=4 and I assumed E(4)=4? Plugging those in gives 4+(4*2)+3+4 which gives 19, is that the right approach? Forgot to multiply by 4 for that one term, typed the above one wrong, sorry. (I really appreciate the help)
 
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  • #15
E(4) is 4, yes.

So E(4)+4E(X)+Var(X)+E(X)^2 = 4 + 4*2 + 3 + 2^2 = 19
 

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