Consider the following discrete probability distribution: Outcome Probability 10 0.10 15 0.30 20 0.20

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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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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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