Let X be a random variable for which E(X) and Var(X) 2 Construct a probability distribution for X such that Pr( X 3) 1 9 ...

Consider a distribution which is concentrated on the three poin ...

Let X be a random variable for which E(X) = and Var(X) = 2. Construct a

Question:

Let X be a random variable for which E(X) = μ and Var(X) = σ2. Construct a probability for X such that
Pr(|X − μ| ≥ 3σ) = 1/9.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...