Expectation and variance of a random variable
Let be a random variable with the following probability distribution:
Value of
-30 0.25
-20 0.05
-10 0.25
0 0.20
10 0.25
Find the expectation and variance of .
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Expectation and variance of a random variable
Let be a random variable with the following probability distribution:
Value of
-30 0.25
-20 0.05
-10 0.25
0 0.20
10 0.25
Find the expectation and variance of .
Expectation value= -30 *0.25 -20*0.05-10*0.25 +0*0.20 +10*0.25 = -8.5
Variance can be calculated as = (-30 + 8.5)^2*0.25 + (-20+8.5)^2 * 0.05 .
I'll leave that to you to calculate !
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