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a. For fixed n, are there values of p(\({\rm{0}} \le {\rm{p}} \le {\rm{1}}\)) for which V(X) \({\rm{ = 0}}\)? Explain why this is so? b. For what value of p is V(X) maximized? (Hint: Either graph V(X) as a function of p or else take a derivative.)

Short Answer

Expert verified

(a) It is so because the values will be: \(\begin{array}{c}{\rm{p = 0}}\\{\rm{p = 1}}\end{array}\).

(b) The value of V(X) is maximised for: \({\rm{p = }}\frac{{\rm{1}}}{{\rm{2}}}\).

Step by step solution

01

Define Discrete random variables

A discrete random variable is one that can only take on a finite number of different values.

02

Explanation why is it so?

(a) The following is valid for a binomial random variable X with parameters n, p, and q = \({\rm{1}}\)- p.

\(\begin{array}{c}{\rm{E(X) = np;}}\\{\rm{V(X) = np(1 - p)}}\\{\rm{ = npq}}\\^{\rm{\sigma }}{\rm{x = }}\sqrt {{\rm{npq}}} \end{array}\)

As a result, from

\({\rm{V(X) = np(1 - p)}}\)

If p\({\rm{ = 0}}\)or \({\rm{1}}\), we can see that the value of V(X)will also be zero.

When p\({\rm{ = 0}}\), every trial fails, and the variability in X is \({\rm{0}}\) in the first scenario.

When p \({\rm{ = 1}}\), the converse occurs: every trial succeeds, implying that X is not variable.

Therefore, the value is: \(\begin{array}{c}{\rm{p = 0}}\\{\rm{p = 1}}\end{array}\).

03

For what value of p is V(X) maximised?

(b) Finding a derivative and equating it to zero is a classic approach for determining a function's maximum value, from which the maximum value is obtained (second derivative has to be negative in order to obtain maximum, if it is positive, you obtain the minimum value).

As, the value of V(X) is a function of p, the following statement is true.

\(\begin{array}{c}\frac{{\rm{d}}}{{{\rm{dp}}}}{\rm{V(X) = }}\frac{{\rm{d}}}{{{\rm{dp}}}}{\rm{(np(1 - p))}}\\{\rm{ = }}\frac{{\rm{d}}}{{{\rm{dp}}}}\left( {{\rm{np - n}}{{\rm{p}}^{\rm{2}}}} \right)\\\mathop {\rm{ = }}\limits^{{\rm{(1)}}} {\rm{n}}\frac{{\rm{d}}}{{{\rm{dp}}}}{\rm{p - n}}\frac{{\rm{d}}}{{{\rm{dp}}}}{{\rm{p}}^{\rm{2}}}\\{\rm{ = n \times 1 - n \times 2 \times p}}\\{\rm{ = n(1 - 2p); }}\end{array}\)

(\({\rm{1}}\)): derivative qualities.

Since,

\(\frac{{\rm{d}}}{{{\rm{dp}}}}{\rm{n(1 - 2p) = - 2n < 0}}\)

The value p is:

\({\rm{n(1 - 2p) = 0}}\)

The highest possible value is:

\({\rm{n(1 - 2p) = 0}}\)

It is for:

\({\rm{1 - 2p = 0}}\)

Or is equally:

\({\rm{p = }}\frac{{\rm{1}}}{{\rm{2}}}\)

Therefore, the maximum value is: \({\rm{p = }}\frac{{\rm{1}}}{{\rm{2}}}\).

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