Given the following probability distribution compute the

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Reference no: EM13472120

Given the following probability distribution:

Distribution A

Distribution B

X

P(X)

X

P(X)

0

0.50

0

0.05

1

0.20

1

0.10

2

0.15

2

0.15

3

0.10

3

0.20

4

0.05

4

0.50

a. Compute the expected value for each distribution.

b. Compute the standard deviation for each distribution.

c. Compare and contrast the results of distributions A and B.

Reference no: EM13472120

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