Sums and products of random variables – Expected value

expected valueprobabilityprobability distributionsrandom variables

Suppose your time of travel is 50 minutes and your train is delayed. You also have waiting times at three traffic lights.

Thus, the total time of travel is $W = 50 + B \cdot V + \sum_{i=1}^{3} B_i \cdot A_i$.

All random variables $B, B_1, B_2, B_3, A_1, A_2, A_3, V$ are independent.

We have $B \sim Binomial(1, \frac{1}{10})$, $B_1, B_2, B_3 \sim Binomial(1, \frac{1}{2})$, $A_1, A_2, A_3 \sim Uniform([0, 5])$, $V \sim Exponential(\frac{1}{10})$.

How does one now calculate the expected value $\mathbb{E}(W)$?

$\mathbb{E}(W) = \mathbb{E}(50+B \cdot V + B_1 \cdot A_1 + B_2 \cdot A_2 + B_3 \cdot A_3)$.

Best Answer

Guide:

Ingredients that you need are

  • Expectations are linear, that is the expecation of the sum is equal to the sum of the expectation$$\mathbb{E}(\sum_{i=1}^n X_i) = \sum_{i=1}^n\mathbb{E}( X_i).$$

  • Also, use the property that the random variables are independent. For example, $$\mathbb{E}(BV)=\mathbb{E} (B) \mathbb{E}(V).$$

You should be then be able to compute the expectation of each random variable and evaluate them.

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