te the mean, variance and standard deviation of the random variable X with the following values and probabilities Value of X P(X) 12 3 1/4 1/4 1/2 mpute the mean, variance and standard deviation of Y = 3X+5.

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7. Compute the mean, variance and standard deviation of the random variable X with the following
table of values and probabilities
Value of X
P(X)
1 2 3
1/4 1/4 1/2
Now compute the mean, variance and standard deviation of Y = 3X + 5.
Transcribed Image Text:7. Compute the mean, variance and standard deviation of the random variable X with the following table of values and probabilities Value of X P(X) 1 2 3 1/4 1/4 1/2 Now compute the mean, variance and standard deviation of Y = 3X + 5.
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Y=3X+5

 

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