Please include formula and explaination steps much appreciated 1 By definition, a random variable, , needs to have a numerical outcome Generate a new data series of outcomes, , corresponding the analysts recommendations as follows 3 0 if recommendation is STRONG BUY 2 5 if recommendation is BUY 2 0 if recommendation is HOLD 1 5 if recommendation is UNDERPERFORM 1 0 if recommendation is SELL Analyst Name Buy Hold Sell Recommendation FREIDMAN P BUY REICH G STRONG BUY WHITLOW W HOLD RIXE L HOLD N A HOLD MUSSER P BUY THADHANI A HOLD RUBEL H UNDERPERFORM MODZELEWSKI J HOLD BINDER S HOLD N A STRONG BUY MUSSER P SELL HACKENBURG F HOLD PEIRCE J STRONG BUY N A STRONG BUY SIMON J HOLD PIZZIMENTI D HOLD EARLE C STRONG BUY ASERITIS P HOLD ASERITIS P BUY PEIRCE J HOLD WHITLOW W STRONG BUY SIMON J BUY OBOLENSKY I HOLD N A BUY

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Question: Please include formula and explaination/ steps much appreciated 1. By definition, a random variable, , needs to have a numerical outcome. Generate a new data

Please include formula and explaination/ steps much appreciated

1. By definition, a random variable, , needs to have a numerical outcome. Generate a new data series of outcomes, , corresponding the analysts recommendations as follows: =3.0 if recommendation is STRONG BUY =2.5 if recommendation is BUY =2.0 if recommendation is HOLD =1.5 if recommendation is UNDERPERFORM =1.0 if recommendation is SELL

Analyst Name	Buy-Hold-Sell Recommendation
FREIDMAN P	BUY
REICH G	STRONG BUY
WHITLOW W	HOLD
RIXE L	HOLD
N/A	HOLD
MUSSER P	BUY
THADHANI A	HOLD
RUBEL H	UNDERPERFORM
MODZELEWSKI J	HOLD
BINDER S	HOLD
N/A	STRONG BUY
MUSSER P	SELL
HACKENBURG F	HOLD
PEIRCE J	STRONG BUY
N/A	STRONG BUY
SIMON J	HOLD
PIZZIMENTI D	HOLD
EARLE C	STRONG BUY
ASERITIS P	HOLD
ASERITIS P	BUY
PEIRCE J	HOLD
WHITLOW W	STRONG BUY
SIMON J	BUY
OBOLENSKY I	HOLD
N/A	BUY

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