Consider the following discrete probability distribution: Outcome Probability 10 0.10 15 0.30 20 0.20
Question:
Consider the following discrete probability distribution:
Outcome Probability
10 ……………………… 0.10
15 ……………………… 0.30
20 ……………………… 0.20
25 ……………………… 0.30
30 ……………………… 0.10
a. Calculate the mean of this distribution.
b. Calculate the standard deviation of this distribution.
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