Calculate standard deviation of random variable


The random variable x is the number of houses sold by a realtor in a single month at the real-estate office.  Its probability distribution is:

Houses sold (x)

Probability P(x)

0

0.09

1

0.24

2

0.21

3

0.17

4

0.03

5

0.15

6

0.09

7

0.02

a. Compute the mean of the random variable.

b. Compute the standard deviation of the random variable.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Calculate standard deviation of random variable
Reference No:- TGS0545110

Expected delivery within 24 Hours