Ginger wants to join a gym. She goes to the local gym and is told that there is a one-time fee of $100 to join and then a monthl
1 answer:
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Answer:
1)
2)
3)
And the variance would be given by:
And the deviation would be:
4)
And the variance would be given by:
And the deviation would be:
Step-by-step explanation:
For this case we have the following distributions given:
Probability M J
0.3 14% 22%
0.4 10% 4%
0.3 19% 12%
Part 1
The expected value is given by this formula:
And replacing we got:
Part 2
Part 3
We can calculate the second moment first with the following formula:
And the variance would be given by:
And the deviation would be:
Part 4
We can calculate the second moment first with the following formula:
And the variance would be given by:
And the deviation would be: