- #1

Jimerd

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a. Give the precise formulas for the probability mass functions of the three random variables, f(x), f(y), and f(z).

b. Suppose you win $1 for each green marble in your sample and lose $1 for each red marble (yellow has no financial consequences). Let w be your net winnings or losses. Construct the P.M.F of w as a table. (obviously the table part cannot be shown in this answer)

c. Find the expected value of w and explain its significance.

d. Find the standard deviation of w.

Any help is greatly appreciated! If anyone can point me in the right direction, that'll be great!