Question

Table below summarizes the distribution of grades in Schools. What is the Expected Value of the...

  1. Table below summarizes the distribution of grades in Schools.
  1. What is the Expected Value of the grades?
  2. What is the Variance of the grades?
  3. What is the Standard Deviation of the grades? (Standard Deviation is simply square root of variance)

Grades

Probability

100

0.65

90

0.15

80

0.10

50

0.08

0

0.02

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
5.1 Given the following probability distributions: a. Compute the expected value for each distribution. b. Compute...
5.1 Given the following probability distributions: a. Compute the expected value for each distribution. b. Compute the standard deviation for each distribution. c. Compare the results of distributions A and B. Distribution A Distribution B xi P1X = xi2 xi P1X = xi2 0 0.07 0 0.50 1 0.08 1 0.20 2 0.15 2 0.15 3 0.20 3 0.08 4 0.50 4 0.07
For the probability distribution below find the mean, variance, and standard deviation. ? P(?) ?P (?)...
For the probability distribution below find the mean, variance, and standard deviation. ? P(?) ?P (?) ?2P(?) 0 0.15 1 0.20 2 0.35 3 0.22 4 0.08      The probability distribution shows the cups of beer American Adults consume every week. Find the expected value of cups of wine American Adults consume every week. ? P(?) ?P(?) 0 0.4 1 0.1 2 0.3 5 0.12 10 0.05
The table below shows the expected rates of return for three stocks and their weights in...
The table below shows the expected rates of return for three stocks and their weights in some portfolio: Stock A Stock B Stock C Portfolio weights 0.3 0.2 0.5 State Probability Expected returns Recession 0.2 0.08 0.03 0.14 Boom 0.8 0.13 0.05 0.15 1. What is the portfolio return during a recession? 2. What is the expected portfolio return? 3. What is the standard deviation of the portfolio returns?
The table summarizes the probability distribution of the number of coffees that students order per day...
The table summarizes the probability distribution of the number of coffees that students order per day at Rutgers. Assume no one orders more than 3 cups. ___________________________________________ X = cups of coffee | 0 | 1 | 2 | 3 | --------------------------------------------------------- Probability | 0.32 | 0.44 | | 0.13 | --------------------------------------------------------- 1. Find the expected value of the number of cups of coffee each day. Show all work 2. Find the standard deviation of number of cups of coffee...
A switchboard at some company receives calls following a probability distribution shown below where the number...
A switchboard at some company receives calls following a probability distribution shown below where the number of calls and the probability of receiving those calls are recorded. x 0 1 2 3 4 5 6 7 8 P(x) 0.04 0.05 0.15 0.02 0.28 0.03 0.20 0.11 0.12 x 0 1 2 3 4 5 6 7 8 p(x) 0.04 0.05 0.15 0.02 0.28 0.03 0.20 0.11 0.12 a. Calculate the probability that the switchboard receives: i. Less than four calls....
Questions 6-14 are related to the following: In the table below x denotes the X-Tract Company’s...
Questions 6-14 are related to the following: In the table below x denotes the X-Tract Company’s projected annual profit (in $1,000). The table also shows the probability of earning that profit. The negative value indicates a loss. x f(x) -200 0.01 -100 0.04 0 0.10 250 0.25 350 0.50 400 0.08 500 0.02 6 The probability that X-Tract will break even is, f(x = 0) = ________. a 0.10 b 0.12 c 0.14 d 0.16 7 What is the probability...
In the accompanying table, the random variable x represents the number of televisions in a household...
In the accompanying table, the random variable x represents the number of televisions in a household in a certain country. Determine whether or not the table is a probability distribution. If it is a probability distribution, find its mean and standard deviation. x P(x) 0 0.02 1 0.12 2 0.34 3 0.28 4 0.14 5 0.10 If the table is a probability distribution, what is its mean? Select the correct choice below and fill in any answer boxes within your...
1. Find the missing value indicated by (A) to make this a valid discrete probability distribution....
1. Find the missing value indicated by (A) to make this a valid discrete probability distribution. x -10 30 50 90 100 P(X=x) 0.05 0.10 0.25 0.15 A 2. Calculate the mean of the random variable associated with the following discrete probability distribution. Do not round your answer. x -1 0 1 P(X=x) 0.5 0.2 0.3
From the probability distribution given below, find the mean, variance, standard deviation and expected value of...
From the probability distribution given below, find the mean, variance, standard deviation and expected value of the random variable, X. Round your values for variance and standard deviation to two decimal places (if necessary). X 27 32 54 63 78 P(X) 5/18 1/4 1/12 2/9 1/6
Suppose that the following table contains the complete probability distribution for the number of credit cards...
Suppose that the following table contains the complete probability distribution for the number of credit cards owned by adults in a certain country. Complete parts a and b to the right. Number_of_Credit_Cards Probability 0 0.29 1 0.26 2 0.11 3 0.09 4 0.08 5 0.06 6 0.05 7 0.03 8 0.02 9 0.01 a) compute the mean number of credit cards: b) compute the standard deviation.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT