Let pi = P(X = i) and suppose that p1 + p2 + p3 + p4 = 1. Suppose that E(X) = 2.5. (a) What values of p1, p2, p3, and p4 maximize Var(X)? (b) What values of p1, p2, p3, and p4 minimize Var(X)? (Don't Hand writing in solution) .

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Let pi = P(X = i) and suppose that p1 + p2 + p3 + p4 = 1. Suppose that E(X) = 2.5.

(a) What values of p1, p2, p3, and p4 maximize Var(X)?

(b) What values of p1, p2, p3, and p4 minimize Var(X)?

(Don't Hand writing in solution) .

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