Question: A random variable that takes the value 10 with probability 1/3 and the value of 0 with probability 2/3. Compare your answers with the answer

A random variable that takes the value 10 with probability 1/3 and the value of 0 with probability 2/3. Compare your answers with the answer to Exercise 5.
Consider the above random variables that take only two values with the given probabilities. For each, find MAD, the variance, the standard deviation, and the coefficient of variation.

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Call the random variable B Then PrB 10 13 and PrB 0 23 Then EB 103 EB 2 1003 so Va... View full answer

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