document.write( "Question 1034101: Suppose that x is a random variable with the possible values 1,2,and 3. Given that E(X^2)<=6, find the maxium possible value of E(X). \n" ); document.write( "
Algebra.Com's Answer #648734 by robertb(5830)![]() ![]() You can put this solution on YOUR website! Let p(1) = p, p(2) = q, and p(3) = 1 - p - q.\r \n" ); document.write( "\n" ); document.write( "Now \n" ); document.write( "\n" ); document.write( "Since \n" ); document.write( "\n" ); document.write( "Also, there are other restrictions, like \n" ); document.write( "\n" ); document.write( "Now \n" ); document.write( "\n" ); document.write( "This now becomes a linear programming problem, namely,\r \n" ); document.write( "\n" ); document.write( "Maximize \n" ); document.write( "subject to \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Letting p be the horizontal axis, and q the vertical axis, using the graphical method, the region of feasibility is found to be a quadrilateral with the corner points (0,3/5), (0,1), (1,0), and (3/8,0).\r \n" ); document.write( "\n" ); document.write( "Now... \n" ); document.write( "E(0,3/5) = 2.4, \n" ); document.write( "E(0,1) = 2, \n" ); document.write( "E(1,0) = 1, and \n" ); document.write( "E(3/8,0) = 2.25.\r \n" ); document.write( "\n" ); document.write( "Therefore the maximum possible value of E(X) is \n" ); document.write( "\n" ); document.write( "(This answer is also consistent with the upper and lower bounds for E(X). \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |