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The probabilities that the life of a machine will vary from 6 to 12 years are given in the table below. Determine the expected life
The probabilities that the life of a machine will vary from 6 to 12 years are given in the table below. Determine the expected life of the machine and the standard deviation
Life, Years | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
Probability | 0.1 | 0.15 | 0.2 | 0.15 | 0.2 | 0.1 | 0.05 | 0.05 |
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