Table 8.5 shows the probability distribution of X for n = 2. Show that the average of

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Table 8.5 shows the probability distribution of X for n = 2. Show that the average of the random variable X is 3.5. What is the standard deviation of X?

Table 8.5

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 16, 2024 02:00 PM

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Table 8.5 shows the probability distribution of X for n = 2. Show that the average of

Question:

X 1.5 2 2.5 3 3.5 4 4.5 5 5.5 P(X) 1/15 1/15 2/15 2/15 3/15 2/15 2/15 1/15 1/15

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The average of the random variable Xalso known as the expected valuecan be calculated by multiplying ...View the full answer

Statistics For Business And Financial Economics

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