2. Shankar really likes playing Badminton. On a particular day at Fetzer gym he plays two games (whose outcomes are independent of each other). He has .3 probability of winning the first game and he has .9 probability of winning the second game. There are no ties and as stated above the outcomes of each game are independent of each other. Let \(X\) denote the number of games Shankar wins.
3. \(X_1\) has a Poisson distribution with parameter 3, \(X_2\) has a Poisson distributino with parameter 0.5 and \(X_3\) has a Poisson distribution with parameter 2. \(X_1, X_2, X_3\) are independent. Let \[Y= X_1 + X_2 +X_3\] Calculate \(P[Y=6]\).
4. An engineer working in a cellphone company factory sees that the distribution of lifetimes of batteries (time from full charge to discharge during regular use) has exponential distribution with parameter \(\lambda = 1/8\) (in hours). He takes a sample of 30 cellphones to test their battery lifetime. Let \(X_i, (1 \leq i \leq 30)\) be the lifetime of the battery from cellphone \(i\) and assume these are independent with exponential distribution with parameter \(\lambda = 1/8\). Suppose the engineer is interested in the distribution of the average battery lifetime in his sample i.e. \[\overline{Y} = \frac{\sum_{i=1}^{30} X_i}{30}.\]
5. Luke takes a loan of 400 dollars to buy 20 units of stock of Company A and 30 units of stock of Company B. After 1 year he will sell these stocks. Suppose after a year his selling price (dictated by the market at that time) per unit for Stock A, \(X_A\) has \(N(10,σ^2 = 1)\) (i.e. normal) distribution and the sale price \(X_B\) per unit of Stock B has \(N(11,σ^2 = 1.2)\) distribution. Further \(X_A\) and \(X_B\) are independent. Thus the total amount he gets back is \[Y = 20X_A + 30X_B.\] He needs to get back 480 to repay the bank. What is \(P (Y > 480)\)?
Hint: Calculate the MGF of \(Y\) and use this to understand the distribution of \(Y\).
8. Let \(X_1\) be binomially distributed with parameters \(n_1, p\) and let \(X_2\) be \(B(n_2, p)\). Let \(X_1\) and \(X_2\) be independent and let \(Y=X_1 + X_2\). It turns out \(Y\) has a familiar distribution. Use MGFs to find the distribution of \(Y\). Please include a proof along with a description of the distribution of \(Y\).