Expected value of the probability distribution

Assignment Help Basic Statistics
Reference no: EM13845056

Problem 1: Let X be the random variable with the following probability distribution:

Random variable X

Probability

1

0.15

2

0.10

3

0.05

4

0.30

5

0.15

6

0.05

7

0.20

a. What is the expected value of the probability distribution?

b. What is the variance of the probability distribution?

c. What is the standard deviation of the probability distribution?

Reference no: EM13845056

Questions Cloud

Relationship between the criminal sanction and suits : Name the four sanctions used to enforce the Sherman Act. What is the relationship between the criminal sanction and suits for triple damages
Expected value of the probability distribution : What is the expected value of the probability distribution? What is the variance of the probability distribution?
The guiding question behind a critique : The guiding question behind a critique
Issues that researchers face when collecting data : issues that researchers face when collecting data
Expected value of the probability distribution : What is the expected value of the probability distribution? What is the variance of the probability distribution?
Develop a ranking for corruption in the mexico and turkey : Develop a ranking for corruption in the following countries: Mexico, Turkey, Denmark, the U.S, Taiwan, Brazil
Automotive center guarantees customers : The automotive center guarantees customers that the service will take no longer than 20 minutes. If it does take longer, the customer will receive the service for half-price. What percent of customer receive the service for half-price?
What should be included in the policy : After receiving several complaints of sexual harassment, the HR department of a city library decided to establish a sexual harassment policy. What should be included in the policy? How should it be implemented?
Think the gao was the best choice for an audit team : think the GAO was the best choice for an audit team

Reviews

Write a Review

Basic Statistics Questions & Answers

  Suppose we choose independently 25 numbers at random

suppose we choose independently 25 numbers at random uniform density from the interval 0 20. write the normal densities

  However if she gives a medium or easy test there is a 05

a professor gives tests that are either hard medium or easy. if she gives a hard test her next test will be either

  Probability of accepting defevtive batches

Many companies use sampling to determine whether a batch should be accepted. A (n, c) sampling plan consists of inspecting n randomly selected items from a batch and accepting the batch if c or fewer sampled items are defective.

  The widget are randomly selected without replacement and

a manufacturer of widget will accept a box of widgets is 10 of the widget are randomly selected without replacement

  Using a two-week moving average develop forecasts for weeks

egg sales are a major concern at mv grocery. the following gives the demand for the past eight weeks in dozens. week

  Does a follow-up reminder increase the renewal rate on a

does a follow-up reminder increase the renewal rate on a magazine subscription? a magazine sent out 760 subscription

  Explain statistical significance and practical significance

Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example and explain.

  Calculate the expected value and standard deviation

Calculate the expected value and standard deviation of this random variable X by using the probability distribution shown. (b) Describe the shape of this distribution. x P(x) 60 0.40 70 0.30 80 0.20 90 0.10 Chap 7 Remember, all z values should be ..

  Prepare the linear programming model for problem

Management wishes to know how many casks of each wine to make to maximize total. profit. Prepare the linear programming model for this problem.

  Components in making of ball bearings

High precision titanium spheres are popular components in manufacturing of ball bearings. A factory has ordered a shipment of 5000 titanium spheres from aboard. It is found that the shipment has a mean radius of 1.5 cm with a standard deviation ..

  A company can sell 100x machine parts if it charges 10-01x

a company can sell 100x machine parts if it charges 10-0.1x dollar for each machine part. how many machine parts can be

  Explain how your hypothesis test would have been different

Some national statistics indicate the self-reported number of minutes per week of exercise is μ = 96.8 among college students. At the University of Wisconsin

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