Probability - Random Variables

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SUMMARY

The discussion focuses on a student's examination probability scenario involving random variables. The student has a probability of passing of 0.8 on an "on" day and 0.4 on an "off" day, with a likelihood of having an off day being twice that of an on day. Calculations show that the probability of passing with 5 examiners is approximately 0.562315, while with 3 examiners, it is about 0.549926. Despite the higher probability with 5 examiners, the textbook suggests that a 3-examiner setup is more favorable.

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  • Understanding of binomial probability distribution
  • Knowledge of weighted averages in probability
  • Familiarity with random variables and their applications
  • Basic statistical concepts related to independent events
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  • Study binomial probability distribution calculations
  • Learn about weighted averages in probability scenarios
  • Explore the implications of independent events in probability
  • Investigate decision-making strategies based on probability outcomes
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This discussion is beneficial for students preparing for statistical examinations, educators teaching probability concepts, and anyone interested in applying probability theory to real-world scenarios.

AsianMan
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A student is getting ready to take an important oral examination and is concerned about the possibility of having an "on" day or an "off" day. He figures that if he has an on day, then each of his examiners will pass him independently of each other, with probability .8, whereas if he has an off day, this probability will be reduced to .4. Suppose that the student will pass the examinatorion if a majority of the examiners pass him. If the student feels that he is twice as likely to have an off day as he is to have an on day, should he request an examination wiht 3 examiners or 5?

_________
I thought this was a binomial probability distriubtion question, with possibility of success = .4*(2/3) + .8*(1/3) = 8/15

I totaled the probabilities for 3,4, and 5 successes for a 5 examiner group and 2 and 3 successes for a 3 man group and found the probability of success for the 5 man group was higher (.562315 vs .549926), but the book says you have a better chance of passing with a 3 man group.

This is the 2nd question in a row of this type I have screwed up and am desperate to see what I'm doing wrong.
 
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You did the 2/3 vs 1/3 weighting at the beginning instead of the end.

Find prob of winning with n=5 and p=0.8.
Find prob of winning with n=5 and p=0.4.
Take weighted average of those two probabilities.

Repeat using n=3 instead of n=5.
 

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