Question: Refer to problem 3-23. Find the variance and the standard deviation of hedge fund managers' income. x ($ millions) P(x) $1,700 ...... 0.2 1,500 ......

Refer to problem 3-23. Find the variance and the standard deviation of hedge fund managers' income.
x ($ millions) P(x)
$1,700 ...... 0.2
1,500 ...... 0.2
1,200 ...... 0.3
1,000 ...... 0.1
800 ...... 0.1
600 ...... 0.05
400 ...... 0.05

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