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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