5.1.2 Suppose you have an experiment where you flip a coin three times.
5.1.2 Suppose you have an experiment where you flip a coin three times. You then count the number of heads.
a.) State the random variable.
b.) Write the probability distribution for the number of heads.
c.) Draw a histogram for the number of heads.
d.) Find the mean number of heads.
e.) Find the variance for the number of heads.
f.) Find the standard deviation for the number of heads.
g.) Find the probability of having two or more number of heads.
h.) Is it unusual to flip two heads?
5.1.4
An LG Dishwasher, which costs $800, has a 20% chance of needing to be replaced in the first 2 years of purchase. A two-year extended warranty costs $112.10 on a dishwasher. What is the expected value of the extended warranty assuming it is replaced in the first 2 years?
Please explain
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