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Mathematics, 21.02.2020 20:59 mrgandollins5222
You invest in two startup companies focused on data science. Thanks to your growing expertise in this area, each company will reach unicorn status (valued at $1 billion) with probability 3/4, independent of the other company. Let random variable X be the total number of companies that reach unicorn status. X can take on the values 0, 1, and 2.
Give a complete expression for the probability mass function of X.
Give a complete expression for the cumulative probability function of X.
Compute E(X).
Compute var(X).
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