Compute the standard deviation of x

Assignment Help Microeconomics
Reference no: EM132135717

Question - The following table provides a probability distribution for the random variable x.

x

f(x)

3

.25

6

.50

9

.25

A) Compute E(x), the expected value of x.

B) Compute s2, the variance of x (to 1 decimal).

C) Compute s, the standard deviation of x (to 2 decimals).

Reference no: EM132135717

Questions Cloud

What is the required reserve ratio : If the monetary multiplier is 5, what is the required reserve ratio?
Calculate demand for the output good produced by firms : Using LD = 125-9W as a starting labor demand curve, indicate the change when consumers increase their demand for the output good prod uced by firms.
Intermediate goods like steel and aluminum sheets : Recent tariff actions by President Trump include raising tariffs and quotas on imports of both manufactured goods like televisions
Inviting mostly business acquaintances : Donald and Gloria Bowden hosted a cookout at their home in South Carolina, inviting mostly business acquaintances.
Compute the standard deviation of x : The following table provides a probability distribution for the random variable x. Compute s, the standard deviation of x (to 2 decimals)
Describe industry responses to challenges : Include charts/graphs and tables indicating trends. Describe industry responses to challenges discovered during the auto industry's history.
Explain aggregated supply and aggregated demand : I am having a hard time trying to understand as well as explain aggregated supply and aggregated demand while implementing it through governmental policies
How many production runs will there be per year : How many production runs will there be per year? What percentage of time will the facility be producing light bulbs?
What two treaties did franklin ultimately get france : How was he received there? Was he liked and, if so, why? What reasons did France have for favoring the Colonies over England in the war?

Reviews

Write a Review

Microeconomics Questions & Answers

  How might they impede that goal

How might free markets help reduce global poverty? How might they impede that goal?

  Why is marginal analysis important in economics?

Why is marginal analysis important in economics?

  What is the percentage change in the gdp

Calculate the sectoral gross outputs if the new vector of final demand, as row vector, for year 1948 is given asFDt = f42100 68500 1567001

  What are the pros and cons of a competitive market

1) Assume a competitive market has firms earning large economic profits. What is expected to happen over time in this competitive market and to firm's profits?2) What are the pros and cons of a competitive market in the long run?

  New municipal refuse-collection truck- good investment

A new municipal refuse-collection truck can be purchased for $84,000. Its expected useful life is six year, at which time its market value will be zero. Annual receipts less expenses will be approximately $18,000 per year over the six year study peri..

  Choose the business in your community with which you are

two positive externalities and two negative externalities the copy center is associated with in society. select a

  Why you think economic efficiency needs to be integrated

Explain to your friend why you think economic efficiency needs to be integrated into her study and describe how she could do so. Since she is working on her proposal.

  Suppose that firm 2 acts as a price leader and can commit

suppose that firm 2 acts as a price leader and can commit in advance to setting its price once and for all. in turn

  Find the equilibrium prices and quantities of given question

Write the system in matrix form and find the equilibrium prices and quantities.

  New standard of living in middle terra

The country of Middle Terra has 200 people, 100 of them are working, and the real GDP is $5,000. If 50 refugees from Low Terra are arriving; all of them are hard workers, so they are allowed to work. As a result the real GDP is increasing by $1,000. ..

  Explain terminologies of economics

Several eminent economists have defined this subject in accordance with their different understanding or realization of economic problems.

  Would residents of the larger cities come to the events

How would they determine what events to bring to the center? How would they determine the "draw" to the events? Would residents of the larger cities come to the events?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd