The following problem develop the concept of determining the probabilitydistribution of a random variableand its meanand variance.

A fair coin is tossed three times. Describe the sample space Ω.

Let X be random variable that denotes the number of heads on the first toss. Describe the probability frequency

distribution of X. Find the mean E(X) and variance Var(X).

Let Y be another random variable that counts the total number of heads. Describe the probability frequency distribution

of Y , and evaluate E(Y) and Var(Y ).

Describe the frequency distributionof the ordered pair Z = (X, Y ). Then evaluate E(Z) and Var(Z).

Describe the frequency distribution of the product W = XY . Then evaluate E(W) and Var(W).

Please see the attachment for the solution in word document.

The sample space Ω = {HHH, HHT, HTH, HTT, THH, THT, TTH, TTT}

Let X be random variable that denotes the number of heads on the first toss.

Then X can take the values 0 and 1 with probabilities P(X = 0) = 1/2, and

P(X = 1) = 1/2.

Thus, the probability frequency distribution of X is

x 0 1

P(X = x) 1/2 1/2

Now,

E(X) = ∑xP(X = x) = (0)(1/2) + (1)(1/2) = 1/2 = 0.5

E(X^2) = ∑(x^2)P(X = x) = (0^2)(1/2) + (1^2)(1/2) = 1/2 = 0.5

Var(X) = E(X^2) – [E(X)]2 = (1/2) – (1/2)^2 = (1/2) – (1/4) = 1/4 = 0.25

Let Y be random variable that counts the total number of heads.

Then Y can take the values 0, 1, 2 and 3 with …

The solution illustrates the concept of determining the probability distribution of a random variable and its mean and variance.