Question
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. (Round your answers to 4 decimal places, if needed.)
| y | -3 | -2 | -1 | 3 | 5 |
| P(Y = y) | 0.2 | 0.16 | ? | 0.1 | 0.1 |
(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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Discrete Mathematics, Revised
Authors: Seymour Lipschutz, Marc Lipson
3rd Edition
0071615873, 9780071615877
