Given the following discrete probability distribution, x P(x) 100.0.25 1250.30 150.0.45 a. Calculate the expected value of
Question:
x P(x)
100………………….0.25
125…………………0.30
150………………….0.45
a. Calculate the expected value of x.
b. Calculate the variance of x.
c. Calculate the standard deviation of x.
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a The expected value of x is calculated using equation 51 Ex xPx Ex 100025 125030 150045 130 b The ...View the full answer
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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