Here's the problem:
A (Laplace) coin with sides $0$ and $1$ is tossed twice, each time independently from the other. Let
$f:=$ maximum of both results
$g:=$ sum of both results.
What is the expected value and variance of $f$ and $g$?
I think $E[g]=2*\frac{1}{4} + 1*\frac{1}{2}+0*\frac{1}{2}+0*\frac{1}{4}=1$, but I'm not sure how to go about calculating the rest. Any guidance would be appreciated!
Best Answer
Only two coins, so it's easy to see all combinations, each with 1/4 probability:
Expected value of random variable $X$ denoted as $E[X]$ is a sum of results, multiplied by their probabilities. I.e.,
$E[g] = \frac{1}{4}*0+\frac{1}{4}*1+\frac{1}{4}*1+\frac{1}{4}*2$
Now, variance is
$E[X^2] - (E[X])^2$
I believe it is an easy task to go from these definitions to the answer of your question.