Let SN = X1 + X2+..+XN. IfN takes the values 0, 1, 2, 3 with probabilities 0.5, 0.3, 0.1, 0.1 respectively, and X takes values 1, 2, 3, 4, 5, 6 with probabilities 0.2, 0.2, 0.2, 0.2, 0.1, 0.1 respectively. Determine the mean of the stochastic sum i.e. E(SN)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 30E
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Let SN = X1 + X2+..+XN.
IfN takes the values 0, 1, 2, 3 with probabilities 0.5, 0.3, 0.1, 0.1
respectively, and
X takes values 1, 2, 3, 4, 5, 6 with probabilities
0.2, 0.2, 0.2, 0.2, 0.1, 0.1 respectively.
Determine the mean of the stochastic sum i.e. E(SN)
Transcribed Image Text:Let SN = X1 + X2+..+XN. IfN takes the values 0, 1, 2, 3 with probabilities 0.5, 0.3, 0.1, 0.1 respectively, and X takes values 1, 2, 3, 4, 5, 6 with probabilities 0.2, 0.2, 0.2, 0.2, 0.1, 0.1 respectively. Determine the mean of the stochastic sum i.e. E(SN)
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