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[hint: calculators can be used for this as if it were a weighted mean (see chapter 3):X goes in L1, and P(x) goes in L2.)]
[hint: calculators can be used for this as if it were a weighted mean (see chapter 3):X goes in L1, and P(x) goes in L2.)] Consider the following discrete probability distribution:
X | -0.63 | 0.30 | 0.57 | 1.2 |
P(X) | 0.1 | 0.4 | 0.3 | 0.2 |
a) What is the expected value of X?
Round your answer to at least3 decimal places.
b) What is the Variance of X?
Round your answer toat least 3 decimal places.
c) What is the Standard Deviation of X?
Round your answer toat least 3 decimal places.
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