Calculate population variance and standard deviation of x


Problem

A random variable X is de?ned as the di?erence between the higher value and the lowervalue when two dice are thrown. If they have the same value, X is zero.

a.) Find the probability distribution for X.

b.) Calculate the expected value of X

c.) Calculate E(X^2)

d.) Calculate the population variance and the standard deviation of X.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate population variance and standard deviation of x
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