Question: A random variable that takes the value 11 with probability 0.9 and the value of 10 with probability 0.1. Compare your answers with the answer

A random variable that takes the value 11 with probability 0.9 and the value of 10 with probability 0.1. Compare your answers with the answer to Exercise 6.
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 11 09 and PrB 10 01 Then EB 109 EB 2 1189 ... View full answer

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