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-   -   Stats-Mean, Variance, Standard Deviation (https://www.askmehelpdesk.com/showthread.php?t=325843)

  • Mar 6, 2009, 02:59 PM
    krispykruller
    Stats-Mean, Variance, Standard Deviation
    Hello :D

    I need some help with my statistics homework assignment. The question is... The number of suits sold per day at a retail store is shown in the table, with the corresponding probabilities

    Number if suits sold, X 19 20 21 22 23
    Probability, P(X) 0.2 0.2 0.3 0.2 0.1


    Could someone please teach me how to find the mean, variance, and standard deviation of this data?

    Thank you
  • Mar 6, 2009, 03:49 PM
    galactus
    Yes, it's easy. This is a "discrete non-binomial distribution".

    Code:


      x        P(x)
    -------------------
     19          .2
     20          .2
     21          .3
     22          .2
     23          .1


    For the mean:



    That is, multiply the x by its P and add them up.

    Variance:



    Once you have your mean, subtract it from each x, square it, multiply by its probability. Add them all up.

    standard deviation:



    Let me know what you get and we can check it.

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