Find the variance and standard deviation of the probability distribution constructed in Try It Yourself 2. a.
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Find the variance and standard deviation of the probability distribution constructed in Try It Yourself 2.
a. For each value of x, find the square of the deviation from the mean and multiply that value by the corresponding probability of x.
b. Find the sum of the products found in part (a) for the variance.
c. Take the square root of the variance to find the standard deviation.
d. Interpret the results.
Frequency Distribution
Sales per day, x Number of days, f
0 ………………………………... 16
1 ………………………………... 19
2 ………………………………... 15
3 ………………………………... 21
4 ………………………………... 9
5 ………………………………... 10
6 ………………………………... 8
7 ………………………………... 2
DistributionThe 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...
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Related Book For
Elementary Statistics Picturing The World
ISBN: 9780321911216
6th Edition
Authors: Ron Larson, Betsy Farber
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