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No. of breaks (X) 0 1 2 3 4 P(X) 0.24 0.26 0.24 0.25 0.01 The table below shows the probability distribution of past records
No. of breaks (X) | 0 | 1 | 2 | 3 | 4 |
P(X) | 0.24 | 0.26 | 0.24 | 0.25 | 0.01 |
The table below shows the probability distribution of past records of the number of breaks of a heavy-duty document scanning machine in a week. It is estimated that each breakdown costs the company $4,930 in lost business. Find the standard deviation of the weekly cost from breakdowns of this machine.
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