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NEW QUESTION: 1
A random variable can take on four values: 12, 36, 78, 111, each with probability 0.25. The standard deviation of the random variable equals ________.
A. 1,451
B. 152.4
C. 49.3
D. 38.1
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Since all the observations occur with equal probability, the mean of the observations is (12 + 36 + 78 +
111)*0.25 = 59.25. The variance is then given by 0.25*( [12-59.25]