How do I find the standard deviations of the random variables in this chart (a and b are separate)?
what is a standard deviation of a random variable?
You can find the standard deviation by first getting the arithmetic mean: \[mean = \frac{ 1 }{ N }\sum_{i = 1}^{N}x _{i}\] Then you can find the standard deviation from the mean: \[STD Dev =\sqrt{\frac{ 1 }{ N-1 }\sum_{i = 1}^{N}(x _{i }- mean)^{2}}\]
oh it is the square root of the variance
Mean: \[\Large \mu = \sum_{i = 1}^N x_i*p_i\] the mean is also called the "expected value" E(x)
expected values of the first one is \[10\times .3+20\times .3+30\times .2\]
the standard deviation is given here (along with the mean as well) https://onlinecourses.science.psu.edu/stat200/node/36
damn typo \[10\times .3+20\times .5+30\times .2\] does that look right @jim_thompson5910
yeah for part a), looks good
here is a really nice worked out example we can copy it if you like http://nzmaths.co.nz/category/glossary/standard-deviation-discrete-random-variable
\[E(X)=10\times .3+20\times .5+30\times .2=19\]if my arithmetic is correct now we need \[E(x^2)\]
\[E(X^2)=10^2\times .3+20^2\times .5+30^2\times .2=410\]
then your answer is \[\sigma = \sqrt{410-19^2}\] please someone check this
I'm getting sigma = 7 as well
this calculator is handy to check http://www.mathportal.org/calculators/statistics-calculator/probability-distributions-calculator.php
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