Given the following probability distribution, what is the expected value (or mean)of X?                            X          P(X)                          -100       0.2                            25        0.1                            50        0.5                          100        0.2

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 2E
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Given the following probability distribution, what is the expected value (or mean)of X?

                           X          P(X)

                         -100       0.2

                           25        0.1

                           50        0.5

                         100        0.2

Using the probability distribution from Question #1, what is the standard deviation of X?

 

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ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,