Question: Please help with a variance formula. Is this correct: variance = [1^2 *0.2 + 4^2*1.2 + 6^2 *2.4 +8^2 *0.8] - 4.6^2 y f(y) E(y)
Please help with a variance formula. Is this correct:
variance = [1^2 *0.2 + 4^2*1.2 + 6^2 *2.4 +8^2 *0.8] - 4.6^2
| y | f(y) | E(y) |
| 1 | 0.2 | 0.2 |
| 4 | 0.3 | 1.2 |
| 6 | 0.4 | 2.4 |
| 8 | 0.1 | 0.8 |
| 4.6 |
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