Determine the mean, variance and standard deviation of the following discrete distribution. Interpret the mean value. x

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Determine the mean, variance and standard deviation of the following discrete distribution. Interpret
the mean value.

x .............................................. P(x)
1 ............................................ 0.268
2 ............................................  0.314
3 ............................................  0.256
4 ............................................  0.117
5 ............................................  0.045

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Business Analytics And Statistics

ISBN: 9780730363330

1st Edition

Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

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