i need help with these 3 ? please if i get them done i can go home and im sick please help me on these 3 questions
2 answers:
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Answer:
a) E(y) = 0.8
b) The average subcharge is $165
Step-by-step explanation:
We are given the following distribution in the question:
y: 0 1 2 3
P(y): 0.50 0.25 0.20 0.05
a) E(y)
b) Expected value of subcharge
Subcharge =
Expected value of subcharge =
Thus, the average subcharge is $165
Plotting the data (attached photo) roughly shows that the data is skewed to the left. In other words, data is skewed negatively and that the long tail will be on the negative side of the peak.
In such a scenario, interquartile range is normally the best measure to compare variations of data.
Therefore, the last option is the best for the data provided.
In such a scenario, interquartile range is normally the best measure to compare variations of data.
Therefore, the last option is the best for the data provided.