Question

In: Statistics and Probability

A box contains forty $1 bills, six $5 bills, three $20 bills, and one $100 bill....

A box contains forty $1 bills, six $5 bills, three $20 bills, and one $100 bill. A bill is randomly selected, let X be the dollar value of the bill. [2a] Construct a probability distribution of X. [2b] Find the expectation of X. [2c] Find the variance and the standard deviation of X.

Solutions

Expert Solution

here variability occor more hence variance value is large .


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