Guilt in decision making. The Journal of Behavioral Decision Making (January 2007) published a study of how guilty feelings impact on-the-job decisions. In one experiment, 57 participants were assigned to a guilty state through a reading/writing task. Immediately after the task, the participants were presented with a decision problem where the stated option had predominantly negative features (e.g., spending money on repairing a very old car). Of these 57 participants, 45 chose the stated option. Suppose 10 of the 57 guilty-state participants are selected at random. Define x as the number in the sample of 10 who chose the stated option.

a. Find P ( X = 5 ).

b. Find P ( X = 8 ).

c. What is the expected value (mean) of x?

Short Answer

Expert verified

a.PX=5=0.0224b.PX=8=0.3294c.Theexpectedvalue(mean)ofxisnrN

Step by step solution

01

Given information

By the Journal of Behavioral Decision Making (January 2007),

x is a random variable that takes the number of participants who chose the stated.

57 participants were assigned to a guilty state, i.e.N = 57,

45 are chosen from 57 participants, i.e.r = 45,

10 is the number of samples chosen in 57 participants, i.e., n = 10

x follows a hypergeometric distribution with N = 57, n = 10 and r = 45

02

Finding the probability

a.

The probability of x given by,

Px=rxN-rn-xNnHere,x=5,N=57,n=10andr=45Px=rxN-rn-xNn=45557-4510-55710=4551255710=1221759x79243183019880=0.0224Px=5=0.0224

Therefore, the probability is 0.0224

03

Finding the probability

b.

The probability of x given by,

Px=rxN-rn-xNn

Here,

x=8,N=57,n=10andr=45Px=8=r8N-rn-8Nn=45857-4510-85710=4581225710=215553195x6643183019880=0.3294PX=8=0.3294

Therefore, the probability is 0.3294

04

Finding the expected value (mean)

c.

The expected value (mean) of x is given by,

Ex=x=0nxPX=x=x=0nxrxN-rn-xNn=rNnx=1nr-1x-1N-rn-x=rNny=0nAyN-A-1m-yA=r-1,y=x-1,m=n-1=rNnN-1m=rNnN-1n-1=rN!n!N-n!(N-1)!n-1!N-n!=rN(N-1)!nn-1!N-n!(N-1)!n-1!N-n!=nxrxn-1!xN-n!NxN-1!x(N-1)!n-1!xN-n!=nrNEx=nrN

Therefore, the expected value (mean) of x is nrN

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