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Determine the expected value and the standard deviation of the following probability distribution. Round final answers to two decimal places. x P(x) 1 0.44 3
Determine the expected value and the standard deviation of the following probability distribution. Round final answers to two decimal places.
x | P(x) |
1 | 0.44 |
3 | 0.25 |
5 | 0.19 |
7 | 0.12 |
a) Determine the expected value.
b) Determine the standard deviation.
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