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Published on: 13/05/2022
QB365 provides detailed and simple solution for every Book back Questions in class 12 Business Maths Subject. It will helps to get more idea about question pattern in every book back questions with solution.
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Take MCQ Business Maths and Statistics Test

1.
Let X be a random variable and Y = 2X + 1. What is the variance of Y if variance of X is 5 ?
2.
State the definition of Mathematical expectation using continuous random variable.
3.
How do you define variance in terms of Mathematical expectation?
4.
What do you understand by Mathematical expectation?
5.
What are the properties of Mathematical expectation?
1.
Given X is a random variable
∴ Y = 2X + 1 is also a random variable
Given Var (X) = 5
∴ Var (Y) = Var (2X + 1) = 22 Var (X)
[∵ Var (aX + b) = a2 Var (X)]
= 4(5)
∴ Var (Y) = 20
2.
If X is a continuous random variable and f(x) is the value of its probability density function at x, then the expected value of X is
\(E(X)=\int _{ -\infty }^{ \infty }{ x.(x)dx } \)
3.
Var (X) = E(X2) - [E(X)]2 where
\(E({ X }^{ 2 })=\begin{cases} \sum { { x }^{ 2 }p(x)\text {for discrete random variable} } \\ \int _{ -\infty }^{ \infty }{ { x }^{ 2 }P(x)\text{dx for continuous random variable} } \end{cases}\)
4.
Mathematical expectation E(X) is an average of the values, that the random variable takes on, where each value is weighted by the probability that the random variable is equal to that value. Values that are most probable receive more weight. Each value x is multiplied by the approximate probability that X equals the valuex.
5.
(i) E(a) = a where a is a constant
(ii) E(aX) = a. E(X)
(iii) E(aX + b) = a E(X) + b
(iv) If X ≥ 0, then E(X) ≥ 0
(v) V(a) = 0
(vi) V(aX + b) = a2 V(X).
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