To write down the equations, we first express the expected value E(X):
E(X)=extsumof(ximesP(X=x))=1imes0.2+3imesp+5imes0.2+7imesq+9imes0.15
Setting this equal to 4.5, we can write:
0.2+3p+1+7q+1.35=4.5
Which simplifies to:
3p+7q=4.5−(0.2+1+1.35)=2.95ag1
Additionally, since the total probabilities must sum to 1:
0.2+p+0.2+q+0.15=1ag2
This simplifies to:
p+q=1−(0.2+0.2+0.15)=0.45