Would you expect the variance to be larger or smaller

Reference no: EM131390080

Verify that if we standardize the possible values in given Exercise, the resulting mean is zero and the variance is 1.

Exercise
For the probability function

X:	1,	2,	3,	4,	5
P(x):	.2,	.2,	.2,	.2,	.2,

would you expect the variance to be larger or smaller than the variance associated with the probability function used in the previous exercise? Verify your answer by computing the variance.

Reference no: EM131390080

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