A random variable X takes values 0,1,2 with probabilities 0.3,0.5,0.2. The expected value E(X) is: MCQ with Answer and Explanation

A random variable X takes values 0,1,2 with probabilities 0.3,0.5,0.2. The expected value E(X) is:
A. 0.9
B. 1.1
C. 0.8
D. 1.0
Answer: Option A
Solution (By JKExamLibrary)
E(X) = 0×0.3 + 1×0.5 + 2×0.2 = 0 + 0.5 + 0.4 = 0.9.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
If P(A) = 0.6, P(B) = 0.7, and P(A ∪ B) = 0.9, then P(A ∩ B) is:
A. 0.5
B. 0.4
C. 0.2
D. 0.3

Correct Answer: Option B


Explanation:
By addition theorem: P(A∪B) = P(A) + P(B) - P(A∩B) → 0.9 = 0.6 + 0.7 - P(A∩B) → P(A∩B) = 1.3 - 0.9 = 0.4.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
In a 2×2 attribute table, if (A)=400, (B)=500, N=1000, and observed (AB)=250, the expected (AB) under independence is:
A. 300
B. 400
C. 250
D. 200

Correct Answer: Option D


Explanation:
Expected (AB) = (A)×(B)/N = 400×500/1000 = 200,000/1000 = 200. Observed 250 > 200 suggests positive association between attributes A and B.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
When designing a questionnaire, multiple-choice questions are preferred over open-ended questions primarily because:
A. They take up less space
B. They eliminate all forms of bias
C. They allow respondents to express complex feelings
D. They are easier to tabulate and analyze objectively

Correct Answer: Option D


Explanation:
MCQs standardise responses, making data compilation, coding, and statistical tabulation much faster and uniform.

This question belongs to: Accountancy and Statistics Statistics