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The probability distribution for a random variable is approximately shown from the table below. From the table, find the lower bound of the standard deviation
The probability distribution for a random variable is approximately shown from the table below. From the table, find the lower bound of the standard deviation of the random variable. (Note: the weighted mean is E (X)).
X | 1 | 2 | 3 | 4 | > 5 |
p | 0.1 | 0.2 | 0.3 | 0.1 | 0.3 |
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