Question No: 05This is a subjective question, hence you have to write your answer in the Text-Field given below.20231Returns on a certain business venture, to the nearest ($1000), are known to follow the probabilitydistribution below:4-2020XP(X-x)f(x)-30.1-20.1-10.2a.What is the expected returnb. What is the variance of the return on venture?0??a10.31220.1

We have given the following probability distribution tableX-3-2-1012P(X=x)0.10.10.2?? = let x0.30.1

Answered: Retums on a certain business venture,…

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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Retums on a certain business venture, to the nearest ($1000), are known to follow the probability distribution below: 1-202 X P(X-x)=f(x) -3 0.1 -2 0.1 -1 0.2 a. What is the expected return b. What is the variance of the return on venture? 0 ?? a 1 0.3 2 0.1