Question: Examine the following probability distribution: Return Probability 0.04 0.1 0.06 0.2 0.08 0.4 0.1 0.2 0.12 0.1 How do we find out the mean and
Examine the following probability distribution:
| Return | Probability |
| 0.04 | 0.1 |
| 0.06 | 0.2 |
| 0.08 | 0.4 |
| 0.1 | 0.2 |
| 0.12 | 0.1 |
How do we find out the mean and standard deviation for this question? Kindly explain.
Step by Step Solution
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To find the mean and standard deviation of the given probability distribution we follow these steps ... View full answer
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