LetXbe the winnings of a gambler. Let p(i)=P(X=i)and suppose that

p(0)=1/3;p(1)=p(-1)=13/55

p(2)=p(-2)=1/11;p(3)=p(-3)=1/165

Compute the conditional probability that the gambler wins i,i=1,2,3,given that he wins a positive amount.

Short Answer

Expert verified

The probabilities are:

(X=1Y)=3955,(X=2Y)=311,(X=3Y)=155

Step by step solution

01

Step 1:Given information

Let Xbe the winnings of a gambler. Letp(i)=P(X=i)and suppose that

p(0) = 1/3; p(1) = p(−1) = 13/55;

p(2) = p(−2) = 1/11; p(3) = p(−3) = 1/165

02

Step 2:Explanation

Let Xbe a winning of the gambler. Also let us define p(i)=(X=i)and suppose that p(0)=13,p(1)=p(-1)=1355,p(2)=p(-2)=111,p(3)=p(-3)=1165We are to calculate conditional probability of gambler winnning i=1,2,3given that he wins positive amount.

Firstly let us calculate the probability that he won a positive amount.

(Y)=p(1)+p(2)+p(3)=1355+111+1165=55165=13

Therefore we have:

(X=1Y)=(X=1,Y)(Y)=(X=1)(Y)=135513=3955

(X=2Y)=(X=2,Y)(Y)=(X=2)(Y)=11113=311

(X=3Y)=(X=3,Y)(Y)=(X=3)(Y)=116513=155

Therefore, we are done.

03

Step 3:Final answer

The probabilities are

(X=1Y)=3955,(X=2Y)=311,(X=3Y)=155

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