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Suppose you are playing a game. The random variable, Y , represents your net profit in dollars. The probability distribution of Y is as follows.
Suppose you are playing a game. The random variable, Y, represents your net profit in dollars. The probability distribution of Y is as follows.
y | -3 | -2 | 0 | 3 | 5 |
P(Y = y) | 0.15 | 0.23 | ? | 0.12 | 0.15 |
(a) What is the mean for net profit? (b) What is the median for net profit? (c) What is the standard deviation for net profit?
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