Suppose that the probabilities are 0.3, 0.4, 0.2, and 0.1, respectively, that 0, 1, 2, or 3 power failures will strike a certain subdivision in any given year. Find the mean and variance of the random variable X representing the number of power failures striking this subdivision. Calculate the mean, μ. The mean is (Round to two decimal places as needed.) Calculate the variance, o². The variance is. (Round to two decimal places as needed.)

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Suppose that the probabilities are 0.3, 0.4, 0.2, and 0.1, respectively, that 0, 1, 2, or 3 power failures will strike a
certain subdivision in any given year. Find the mean and variance of the random variable X representing the
number of power failures striking this subdivision.
Calculate the mean, μ.
The mean is. (Round to two decimal places as needed.)
Calculate the variance, o².
The variance is. (Round to two decimal places as needed.)
Transcribed Image Text:Suppose that the probabilities are 0.3, 0.4, 0.2, and 0.1, respectively, that 0, 1, 2, or 3 power failures will strike a certain subdivision in any given year. Find the mean and variance of the random variable X representing the number of power failures striking this subdivision. Calculate the mean, μ. The mean is. (Round to two decimal places as needed.) Calculate the variance, o². The variance is. (Round to two decimal places as needed.)
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Number of Power Failures | Probability
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Transcribed Image Text:1 2 3 4 5 6 Number of Power Failures | Probability 0 1 2 3 0.3 0.4 0.2 0.1
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