Hey need some help with questions. Here's the 1st one.
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Edit I'd like a hint not the answer. Thanks heaps
2nd Year Applied Finance/Actuarial Studies @ MQ
Part 1:CT7
Ok cool thanks for that. I managed to do the rest of the q, thanks heaps
2nd Year Applied Finance/Actuarial Studies @ MQ
Part 1:CT7
Edit: I was wrong xD
Hey here's the rest of the q Capture.PNG and I managed to do b) but my expression with c inst quite working.
I get
Although I know I should be able to show the answer is always 1/3 because say for the k-1 th roll (k is a positive finite integer) you can think about S mod 3 (where S is the sum of the previous remainders) and it will either be 0,1,2. For each of these outcomes there are exactly 2 corresponding numbers that can be rolled and hence k mod n will be 0. So it will be 2/6=1/3
2nd Year Applied Finance/Actuarial Studies @ MQ
Part 1:CT7
Dw I actually got it this time.
Here's the next question
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I've done a,b and some of c but I'm struggling to show the cases are equally likely. any hints?
2nd Year Applied Finance/Actuarial Studies @ MQ
Part 1:CT7
Sorry would you be able to elaborate, like specifically how the cases from 100p5 collapse to 5!?
2nd Year Applied Finance/Actuarial Studies @ MQ
Part 1:CT7
Hi I have a coupon collector problem, but instead of the expected number of attempts to get all the different coupons, what's the expected number of a particular coupon in satisfying the above constraint?
The actual questions is:
There is an urn with a large number of blue and red balls, what is the expected number of blue balls such that we must have at least 1 blue and 1 red ball ?
Thanks heaps for the response. What is the best way of showing this? Like conditional expectation theorem? I'm just wondering because I need to be able to clearly show correct working for q's such as this in the exam.
I can do it by symmetry luike youve said above, but yeah I need to be able to do by as many methods as possible
Last edited by Bartimaeus; 11 Nov 2017 at 8:55 AM.
Probably best to use symmetry. Don't need to use conditional expectation. But for the particular question you asked (with blue and red balls), it's also easy to do it by conditioning on the first draw's colour, and noting the number of draws to get the remaining colour after that is just Geometrically distributed.
So you would proceed as :
Let R be the random variable denoting the number of red balls selected
Let R1 be the event, the first ball selected is red
Let B1 be the event, the first ball selected is blue
E(R)=P(R1)E(R+1|R1)+P(B1)E(R|B1), by the Conditional Expectation Theorem
Now consider E(R+1|R1), we have obtained 1 red ball. So we will continue to select balls until we have obtained 1 blue ball. So R+1 is a geometric random variable with parameter 1/2. So E(R+1|R1)=2.
Now consider E(R|B1), we have obtained 1 blue ball. We only need 1 red ball. So E(R|B1)=1
Thus E(R)=1/2 X [2] +1/2 X [1]
=3/2 as required
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