Consider the following discrete probability distribution: Outcome Probability 1 . 0.18 2 . 0.25 3 . 0.35

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Consider the following discrete probability distribution:

Outcome Probability

1 ……………………. 0.18

2 ……………………. 0.25

3 ……………………. 0.35

4 ……………………. 0.22

a. Calculate the mean of this distribution.

b. Calculate the standard deviation of this distribution.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 17, 2015 03:09 AM

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Consider the following discrete probability distribution: Outcome Probability 1 . 0.18 2 . 0.25 3 . 0.35

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Business Statistics

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