Independent solution

How to solve this Joint Distributions question

Setup

Setup

Obtain the marginal distribution of the shipment count by summing the joint probabilities across every warranty-count value for each fixed shipment count.

P(X=0)=16P(X=0)=\frac16
P(X=1)=112+16=14P(X=1)=\frac1{12}+\frac16=\frac14
P(X=2)=712P(X=2)=\frac7{12}

Model

Model

Use the marginal probabilities to compute the first and second raw moments.

E[X]=14+2712=1712E[X]=\frac14+2\frac7{12}=\frac{17}{12}
E[X2]=14+4712=3112E[X^2]=\frac14+4\frac7{12}=\frac{31}{12}

Compute

Compute

Subtracting the squared mean from the second raw moment gives variance approximately 0.576389.

Var(X)=3112(1712)2=83144=0.576389\operatorname{Var}(X)=\frac{31}{12}-\left(\frac{17}{12}\right)^2=\frac{83}{144}=0.576389

Answer

Answer

The marginal shipment count has variance approximately 0.58, selecting choice B.

0.58(B)\boxed{0.58\quad\text{(B)}}