Question: 5- These three distributions have the same expected value of $750 but the variances differ. Which distribution has the greatest variance? How can you tell?
5- These three distributions have the same expected value of $750 but the variances differ. Which distribution has the greatest variance? How can you tell? (3 points) Distribution 1 Outcome_ $500 $750 $1000 0.33 0.34 0.33 Distribution 2 Outcome $250 $750 $1250 Prob 0.33 0.34 0.33 Outcome $250 $750 $1250 Prob 0.4 0.2 0.4
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