The random variable Y has the distribution shown below: Value 1 4 Probability 0.2 0.8 The mean of Y is 3.4. What is the standard deviation of Y?

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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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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The random variable \( Y \) has the distribution shown below:

\[
\begin{array}{c|c|c}
\text{Value} & 1 & 4 \\
\hline
\text{Probability} & 0.2 & 0.8 \\
\end{array}
\]

The mean of \( Y \) is 3.4. What is the standard deviation of \( Y \)?
Transcribed Image Text:The random variable \( Y \) has the distribution shown below: \[ \begin{array}{c|c|c} \text{Value} & 1 & 4 \\ \hline \text{Probability} & 0.2 & 0.8 \\ \end{array} \] The mean of \( Y \) is 3.4. What is the standard deviation of \( Y \)?
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