Question: Y is a discrete random variable that takes three possible values with corresponding probabilities as described in the table below: Y 5 16 24 p(Y)
Y is a discrete random variable that takes three possible values with corresponding probabilities as described in the table below: Y 5 16 24 p(Y) 0.05 0.15 p First, find the value of p. Then use that value to find E(Y). Then use those values to answer this question: what is the standard deviation of Y? (So, what is the value of SD(Y)?) (Round your answer to the nearest hundredth)
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