[See Solution] What are the expected value and variance of the following probability distribution? X p 1 0.05 2 0.05 3 0.1 4 0.1 5 0.15 6 0.15 7 0.25 8
Question: What are the expected value and variance of the following probability distribution?
| X | p |
| 1 | 0.05 |
| 2 | 0.05 |
| 3 | 0.1 |
| 4 | 0.1 |
| 5 | 0.15 |
| 6 | 0.15 |
| 7 | 0.25 |
| 8 | 0.15 |
Deliverable: Word Document 
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