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Jepoy has one 100-peso bill, two 200-peso bills, and five 500-peso bills in his wallet. He wants to randomly pick one bill. Let X be
Jepoy has one 100-peso bill, two 200-peso bills, and five 500-peso bills in his wallet. He wants to randomly pick one bill. Let X be the random variable of choosing one bill from his wallet.
Questions:
- Construct the probability distribution table of X. [2 points]
- Compute for the mean of X, denoted as E(X). [2 points]
- Interpret the mean of X. [1 point]
- Compute for the variance of X, denoted as V(X). [5 points]
- Compute for the standard deviation of X, denoted as SD(X). [2 points]
- Interpret the standard deviation of X. [1 point]
Bonus [2 points]: What is the most difficult topic in this subject so far?
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