The following probability distribution represents the number of people living in a Household (X), and the probability of occurrence (P(X)). Compute the Expected Value (mean), the Variance and the...


The following probability distribution represents the number of people living in a Household (X), and the probability of occurrence (P(X)). Compute the Expected Value (mean), the Variance and the Standard Deviation for this random variable. Show Your Calculations for the Mean.
X       1    2    3    4   5

P(X) .30 .33 .24 .08 .05



Jun 03, 2022
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