Calculate the probability

Reference no: EM1319865

Question: Let X be the value of throwing a fair die.

[A] In Excel indicate the possible values and their probabilities that X can assume. Find the mean and variance of X,
[B] Let Y be the standardized version of X; what values can Y suppose and with what probabilities? Using these probabilities calculate the mean and variance of Y.

Reference no: EM1319865

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