Question: 1. Based on a sample of 100 individuals, the values 1, 2, 3, 4, 5 are observed with relative frequencies 0.2, 0.3, 0.1, 0.25, 0.15. Compute the mean, variance and standard deviation.
2. Fifty individuals are rated on how open minded they are. The ratings have the values 1, 2, 3, 4 and the corresponding relative frequencies are 0.2, 0.24, 0.4, 0.16, respectively. Compute the mean, variance and standard deviation.