Instructions: Copy and write your answers/solutions in a piece of paper, scan or

take a clear photo of your answer sheet and then send to this Google classroom.

Solve for the following problems.

1. The data shows the company’s probability of earning a projected profit for one year.
Solve for the average projected profit and the standard deviation.

Profit (in millions) Probability (in percent)

5.6 20
4.7 15
8.2 18
3.3 35
10.0 12

2. Determine the expected value, variance, and standard deviation.

Win record 0 1 2 3
1 1 1 1
P( X =x)
4 4 4 4

3. Find the mean and standard deviation of the random variable X whosePMF is given
below:
k 0 1 2 3 4 5
P( X =k ) 0.05 0.10 0.15 0.20 0.25 0.30

4. Find the mean and standard deviation of the random variable X , the number of chocolate
chips in a chocolate-chip cookie baked in large commercial quantities.
k 4 5 6 7 8
P( X =k ) 0.30 0.45 0.15 0.08 0.02