Question: Consider the population for a random variable X that denotes the number of children in young families in Victoria. For this question, this variable X

Consider the population for a random variable X that denotes the number of children in young families in Victoria. For this question, this variable X takes three values only in the population: 1, 2 and 3 children. The population distribution for this random variable is provided in the following table.

Value of X = x Probability p(x)
1 0.45
2 0.30
3 0.25

Calculate the mean, variance and standard deviation for the random variable X. Describe these measures in words.

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