Consider a binomial random variable X with parameters n and p. Let Y = X/n be a new random. Show that the expected value of Y is p and the variance of Y is pq/n. If p(y) is the p. m. f. for Y, show that nY~b(n, p). What are the possible values that Y can take on?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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Consider a binomial random variable X with parameters n and p. Let
Y = X/n be a new random. Show that the expected value of Y is p and the
variance of Y is pq/n. If p(y) is the p. m. f. for Y, show that nY~b(n, p).
What are the possible values that Y can take on?

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