Basic Expected Value Problem (probability)

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SUMMARY

The discussion focuses on calculating the expected value and variance of a polynomial function given E[X]=2 and Var(X)=3. Participants clarify the distinction between E(X^2) and E(X)^2, emphasizing that E(X^2) can be derived using the formula Var(X) = E(X^2) - E(X)^2. By applying this formula, they determine that E(X^2) equals 7. The final expected value of the polynomial E[4 + 4X + X^2] is calculated as E(4) + E(4X) + E(X^2), leading to a comprehensive understanding of expected value in the context of polynomial functions.

PREREQUISITES
  • Understanding of expected value (E[X]) and variance (Var(X)) in probability theory
  • Familiarity with polynomial functions and their properties
  • Knowledge of the linearity of expectation
  • Ability to manipulate algebraic expressions involving expected values
NEXT STEPS
  • Study the properties of variance and expected value in detail
  • Learn how to apply the law of total expectation in complex scenarios
  • Explore examples of expected value calculations with different probability distributions
  • Investigate the implications of variance in statistical analysis and decision-making
USEFUL FOR

Students and professionals in statistics, data science, and mathematics who are looking to deepen their understanding of expected value and variance, particularly in the context of polynomial functions.

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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Var(X)=E(X^2-E(X)^2). Just solve that for E(X^2). Then you can find E of the quadratic.
 
Dick said:
Var(X)=E(X^2-E(X)^2). Just solve that for E(X^2). Then you can find E of the quadratic.

Is the E(X^2-E(X)^2) = E(2^2-(4+4x+X^2)^2)?
 
No... Var(X)=3=E(X^2)-E(X)^2. E(X)=2. What's E(X^2)?? E(4+4X+X^2)=E(4)+E(4X)+E(X^2). Right? Etc. Use the linearity properties of 'E'.
 
Last edited:
Dick said:
No... Var(X)=3=E(X^2)-E(X)^2. E(X)=2. What's E(X^2)?? E(4+4X+X^2)=E(4)+E(4X)+E(X^2). Right? Etc.

I think I'm mixing up the terms E(X^2) and e(X)^2. Which one is E[X]=2?

So E(X^2)=E(4)^2+E(4x)^2+(x^2)^2?
 
E(X)^2=4, since E(X)=2.
 
Dick said:
E(X)^2=4, since E(X)=2.

Right but what's the difference between E(X^2) and E(X)^2?

Is E(X^2)=E(4^2)+E(4x^2)+E((x^2)^2) with x=2?
 
No! E(X^2) is not the same as E(X)^2. They aren't directly related to each other. The only way you can find E(X^2) from the information you are given is to use Var(X)=3.
 
Var(X)+E(X)^2=E(X^2)
3+4=7=E(x^2)

Then use the fact that E(4+4X+X^2)=E(4)+E(4X)+E(X^2).
 
  • #10
shawn87411 said:
Var(X)+E(X)^2=E(X^2)
3+4=7=E(x^2)

Then use the fact that E(4+4X+X^2)=E(4)+E(4X)+E(X^2).

Yes, that's it.
 

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