Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The probability distribution data is in the other image. Consider the discrete probability distribution shown to the right, and complete parts a through e below.

image text in transcribed

The probability distribution data is in the other image.

image text in transcribedimage text in transcribed
Consider the discrete probability distribution shown to the right, and complete parts a through e below. a. Calculate the variance and standard deviation of the random variable 62 = (Round to two decimal places as needed.) b) Let y = x + 2. Calculate the variance and standard deviation of the random variable y. oy = 0 (Round to two decimal places as needed.) c) Let z = 2x. Calculate the variance and standard deviation of the random variable z (Round to two decimal places as needed.) d. From your calculations in part a and part b, indicate the effect that adding a constant to a random variable has on its variance and standard deviation. A. Adding a constant, c, decreases its variance by a multiple of c and decreases its standard deviation by a multiple of c B. Adding a constant, c, increases its variance by a multiple of c and increases its standard deviation by a multiple of c- O C. Adding a constant, c, to a random variable has no effect on its variance and standard deviation. D. Adding a constant, c, increases its variance by a multiple of c and increases its standard deviation by a multiple of c. . From your calculations in part a and part c, indicate the effect that multiplying a random variable with a constant has on the variance and the standard deviation of the random variable. A. Multiplying a random variable with a constant, c, increases its variance by a multiple of c and increases its standard deviation by a multiple of off. B. Multiplying a random variable with a constant, c, increases its variance by a multiple of c and increases its standard deviation by a multiple of c. C. Multiplying a random variable with a constant, c, decreases its variance by a multiple of c and decreases its standard deviation by a multiple of c O D. Multiplying a random variable with a constant, c, has no effect on its variance and standard deviation.X P(x) 0. 15 0.35 27 0.50

Step by Step Solution

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

Step: 3

blur-text-image

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

Differential Geometry And Continuum Mechanics

Authors: Gui Qiang G Chen, Michael Grinfeld, R J Knops

1st Edition

331918573X, 9783319185736

More Books

Students also viewed these Mathematics questions

Question

Explain what is meant by reinvestment rate risk.

Answered: 1 week ago

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago