Your firm has produced a new widget which is sold online. The widget is rated on a five point scale (1=very bad, 5=very good) on your website. The ratings are presented below. Finally expected value (mean), variance, standard deviation for the ratings of your widget. What percent of individuals rated product as two or below? The image features a table with two columns, "Ratings" and "Odds," listing various ratings with their respective odds percentages. Here is the transcribed data:| Ratings | Odds ||---------|--------|| 1 | 2.25% || 2 | 10% || 3 | 12.75% || 4 | 48% || 5 | 27% | This table displays the odds associated with different ratings, which could be used in educational contexts, such as assessing the likelihood of various outcomes or events.

From the provided information, Ratings Odds 1 2.25% 2 10% 3 12.75% 4 48% 5 27%The mean for the ratings of widget can be obtained as:The variance for the ratings of widget can be obtained as:The required standard deviation can be obtained as:The required percent of individuals rated product as two or below can be obtained as:

Answered: Odds Ratings 2.25% 10% 12.75 4. 48% 27%…

Math

Statistics

Odds Ratings 2.25% 10% 12.75 4. 48% 27% 2.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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