Help with Variance Homework - Find Mean & Probability

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SUMMARY

The discussion focuses on calculating the mean and variance of the random variable X, representing the number of bikes that can be repaired before running out of wheels, given a 0.1 probability that a wheel will need replacing and a stock of 3 wheels. The initial calculation for the mean, 1/(0.1^3), is incorrect; the correct approach involves using the negative binomial distribution. The variance can be derived from the properties of this distribution. Additionally, the probability of fixing 20 or more bikes before exhausting the wheels was incorrectly calculated as 0.981.

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Homework Statement



For every bike that comes into a repair shop there is a 0.1 probability that a wheel will need replacing. The shop always has 3 wheels in stock. X is the number of bikes that can be repaired before the wheels run out. I need to figure out the mean and variance of X.


Homework Equations





The Attempt at a Solution



For the mean I have done : 1/(0.1^3) = 1000 ..is this correct?
How would I figure out the variance?

I also need to figure out the probability that 20 or more bikes can be fixed before the wheels run out. I have done (1-0.001*19) = 0.981. I don't think that this is correct though?

Thanks for any help.
 
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t.war13 said:

Homework Statement



For every bike that comes into a repair shop there is a 0.1 probability that a wheel will need replacing. The shop always has 3 wheels in stock. X is the number of bikes that can be repaired before the wheels run out. I need to figure out the mean and variance of X.


Homework Equations





The Attempt at a Solution



For the mean I have done : 1/(0.1^3) = 1000 ..is this correct?
How would I figure out the variance?

I also need to figure out the probability that 20 or more bikes can be fixed before the wheels run out. I have done (1-0.001*19) = 0.981. I don't think that this is correct though?

Thanks for any help.

Your expression for the mean is wrong. How did you obtain it? We cannot help if you don't show your work, because we will have no way to tell where you went astray.
 
(Ray, my guess is there was no working.)
t.war13, what is the probability that no more than two of the next N bikes will need wheels?
 

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