A discrete variable Q, extra inventory units, has integer values from 1 to 10. When sampled 100

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A discrete variable Q, extra inventory units, has integer values from 1 to 10. When sampled 100 times, the following observed probability distribution was obtained:

3 10 9. 0.2 0.1 0.1 P(0) 0.2 0.2 0.2


(a) Determine the sample average and standard deviation by hand.

(b) Determine the sample average and standard deviation by spreadsheet.

(c) Determine the values 1 and 2 standard deviations from the mean. Of the 100 sample points, how many fall within these two ranges?

Distribution
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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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