For the discrete probability distribution described by Pr(x) x 16, x 1, 2, 3, 4, 6, find the (a) Mean (b) Variance (c) Standard deviation ...

For the discrete probability distribution described by Pr(x) = x/16, x = 1, 2, 3, 4, 6,

Question:

For the discrete probability described by Pr(x) = x/16, x = 1, 2, 3, 4, 6, find the
(a) Mean.
(b) Variance.
(c) Standard deviation.
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...