Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following probability distribution represents the number of bedrooms in a randomly selected US household. To simplify matters, the category five or more is replaced

The following probability distribution represents the number of bedrooms in a randomly selected US household. To simplify matters, the category "five or more" is replaced by "5" (Source: US Census, American Fact Finder). Calculate the variance of the number of bedrooms per household.

Number of Bedrooms XP(X)
02.3%
111.3%
226.8%
3.216%
439.7%
54.1%

a. 0.017

b. 1.070

c. 1.145

d. 2.917

e. 3.215

Step by Step Solution

3.46 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics Informed Decisions Using Data

Authors: Michael Sullivan III

5th Edition

978-0134135373, 134133536, 134135377, 978-0134133539

More Books

Students also viewed these Accounting questions

Question

Assuming = 7, compute (a) P(10) (b) P(X Answered: 1 week ago

Answered: 1 week ago