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Given the following table of a random variable X and corresponding probabilities: X P(X) 0 .12 1 .18 2 c 3 .23 4 .15 5
- Given the following table of a random variable X and corresponding probabilities:
| X | P(X) |
| 0 | .12 |
| 1 | .18 |
| 2 | c |
| 3 | .23 |
| 4 | .15 |
| 5 | .08
|
-
- What should c be for this to be a probability distribution of X?
-
- Compute the mean or expected value
-
- Compute the variance
-
- Compute the standard deviation
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
