Determine the mean, variance and standard deviation of the following discrete distribution. Interpret the mean value. x

Question:

Determine the mean, variance and standard deviation of the following discrete distribution. Interpret
the mean value.

x .............................................. P(x)
1 ............................................ 0.268
2 ............................................  0.314
3 ............................................  0.256
4 ............................................  0.117
5 ............................................  0.045

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Business Analytics And Statistics

ISBN: 9780730363330

1st Edition

Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

Question Posted: