The variance is a measure of the dispersion of the random variable about the mean. Variance example 1. Consider the density function (p +1)æP 0 < x < 1 f(x) otherwise where p is greater than -1. compute the Var(X)

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The variance is a measure of the dispersion of the random variable about the mean.
Variance example 1. Consider the density function
(p +1)æP 0 < x < 1
f(x)
otherwise
where p is greater than -1.
compute the Var(X)
Transcribed Image Text:The variance is a measure of the dispersion of the random variable about the mean. Variance example 1. Consider the density function (p +1)æP 0 < x < 1 f(x) otherwise where p is greater than -1. compute the Var(X)
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