Table 8.5 shows the probability distribution of X for n = 2. Show that the average of
Question:
Table 8.5 shows the probability distribution of X for n = 2. Show that the average of the random variable X is 3.5. What is the standard deviation of X?
Table 8.5
Transcribed Image Text:
X 1.5 2 2.5 3 3.5 4 4.5 5 5.5 P(X) 1/15 1/15 2/15 2/15 3/15 2/15 2/15 1/15 1/15
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
The average of the random variable Xalso known as the expected valuecan be calculated by multiplying ...View the full answer
Answered By
HARSH RANJAN
Taken classes at college to graduates, Also worked as an expert to a freelancer online question-solving portal for more than 8 months with an average rating greater than 4.2 out of 5.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted:
Students also viewed these Business questions
-
can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
-
(i) Write down the linear program relaxation for the vertex cover problem and solve the linear program. [6 marks] (ii) Based on the solution of the linear program in (b)(i), derive an integer...
-
Question 6 a) On 17th March 2020, Malaysia recorded its first death of COVID-19. Since then, the number of death is increasing. Table 7 shows the probability distribution of number of deaths in a day...
-
ABC Corporation purchased a residential property for the use of its Accounting Manager. The property is payable over 12 annual installments of P275,000 including interest but have a cash price of...
-
In what ways can workers be protected from vibration?
-
What is the so-called Norwalk Agreement? a. An agreement between the FASB and SEC to allow foreign companies to use IFRS in their filing of financial statements with the SEC. b. An agreement between...
-
Derive equation (4.1) for the total sample of the two-sample t-test. Data from Equation 4.1 n = 2 40 (21-a/2 + 21-3)
-
How should governments report capital projects and debt service activities in their government wide statements?
-
Big-Five Personality Inventory Please use the rating scale to describe how accurately each of the statements below describes you. Describe yourself honestly as you generally are now, not as you wish...
-
Assume the tips received by five waitresses in a given weeknight are $25, $27, $28, $29, and $30. We draw two numbers randomly and take the average. Write the probability distribution of the sample...
-
A cigarette manufacturer came up with a new brand of cigarettes called Long Life. The nicotine content of the cigarettes follows a normal distribution with a mean of 20 and a standard deviation of 5....
-
Braxton Enterprises currently has debt outstanding of $5 million and an interest rate of 8%. Braxton plans to reduce its debt by repaying $1 million in principal at the end of each year for the next...
-
One reason to hire a certified public accountant (CPA) firm is to ll of the answers are correct. develop procedures for the accounting of all activities. put all of the statements into a standardized...
-
Essentially is a brief exploration of the primary intersections between the Bill of Rights and the practice of commerce in the United States. The chapter primarily focuses on freedom of religion,...
-
Write a Scheme program which can reverse a list Sample List: (define x '(1 2 3 4 5)) (reverse x) Sample Output: (5 4 3 2 1)
-
You are the Field Training Officer (FTO) for a large criminal justice organization and are tasked with the responsibility of training newly promoted supervisors. Your boss has asked for you to...
-
Locate three mission statements in the criminal justice system and describe how it fit into the organizational structure. Which one do you prefer? Why? How are the three different? Find a mission...
-
Evaluate the three major sources of multinational personnel.
-
Chao, Louis, and Mari, unrelated individuals, own all of the shares of Cerise Corporation. All three shareholders have been active in the management of Cerise since its inception. In the current...
-
Collettes S corporation holds a small amount of accumulated earnings and profits (AEP), requiring the use of a more complex set of distribution rules. Collettes accountant tells her that this AEP...
-
For each of the following independent statements, indicate whether the transaction will increase (+), decrease (), or have no effect (NE) on the basis of a shareholders stock in an S corporation. a....
-
Sheila Jackson is a 50% shareholder in Washington, Inc., an S corporation. This year, Jacksons share of the Washington loss is $100,000. Jackson has income from several other sources. Identify at...
-
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 270 units from the January 30 purchase, 5 units...
-
Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,800 units; cost $6.20 each. August 8 Purchased 15,200...
-
Midland Energy Resources, Inc" Assignment Questions: How are Mortensen's estimates of Midland's cost of capital used? How, if at all, should these anticipated uses affect the calculations? Calculate...
Study smarter with the SolutionInn App