Find the standard deviation of x


Complete the below:

Q: A team of consultants working for a large national supermarket chain based in the New York metropolitan area developed a statistical model for predicting the annual sales of potential new store locations.

x 1 2 3 4 5 6 7 8 9 10

Relative Frequency .01 .04 .04 .08 .10 .15 .25 .20 .08 .05

a) Find E(x) and interpret its value in the context of the problem

b) Find the standard deviation of x

c) According to Chebyshev's Rule (chp2), what percentage of supermarkets would be expected to fall within µ ± sigma? = Within µ ± 2sigma?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Find the standard deviation of x
Reference No:- TGS01901070

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)