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0 0.50
1 0.25
2 0.10
3 0.10
4 0.05
Find the mean, variance & standard
deviation
Solutions
x P(x) xP(x) x-u (x-u)^2 (x-u)^2*P(x)
0 0.50 0 -0.95 0.9025 0.4513
1 0.25 0.25 0.05 0.0025 0.0006
2 0.10 0.20 1.05 1.1025 0.1103
3 0.10 0.30 2.05 4.2025 0.4203
4 0.05 0.20 3.05 9.3025 0.4651
variance
mean = 0.95 = 1.4476
sd = 1.2032
Conclusion:
1. If the data are the same, the
lesser the mean the effectiveness of
the data.
2. If the data are not the same we
cannot conclude that the least
computed mean is the best. So...
3. The lesser the variability the
more consistent its average or
mean.