Standard deviation and expected value

Reference no: EM1320036

1) Calculate the MEAN and STANDARD DEVIATION for the distribution below:

X	0	1	2	3	4
P(X)	0.24	0.41	0.26	0.08	0.01

2) In a particular game a person wins $1 if they roll a 2 or a 6 on a regular cube die. The win zero (0) if they roll an off number - they win $10 if they roll a 4. What is the expected value of the roll?

Reference no: EM1320036

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