Compute the mean and variances of the following discrete pro
Compute the mean and variances of the following discrete probability and distribution.
Compute the mean and variances of the following discrete probability distribution.
X P(x)
2 .50
8 .30
10 .20
Please show work
Solution
mean = E[X] = 2*.5+8*.3+10*.2 = 5.4
variance = E[X2] - E[X]2
E[X2] = 4*.5+64*.3+100*.2 =41.2
Var(X) = 41.2 - 5.42 = 12.04
