compute the mean and variance of the following discrete probability distribution. (round your answers to 2 decimal places.) x p(

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1 year ago

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x) 0 0.2 1 0.4 2 0.3 3 0.1 click here for the excel data file

1 answer:

a_sh-v [17] · Answer 1 · 2023-09-21T05:26:11+03:00

The determined value of mean µ is 1.3 and variance σ² is 0.81.

What is mean and variance?

A measurement of central dispersion is the mean and variance. The average of a group of numbers is known as the mean.
The variance is calculated as the square root of the variance.

We can determine how the data we are collecting for observation are dispersed and distributed by looking at central dispersion.

The table is attached as an image for reference.

Mean µ = ∑X P(X)

µ = 1.3

Variance (σ² ) = ∑ X² P(X)- (µ)²

= 2.5-(1.3)²

(σ² ) = 0.81

The determined value of mean µ is 1.3 and variance σ² is 0.81.

Learn more about mean and variance here:

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