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  • Expected Value, Variance and STD Deviation

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    Jonelle Morris-Dawkins
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    This document shows the probability distribution of a discrete random variable representing survey responses on a 5-point scale from strongly agree to strongly disagree. It includes the outcomes, number of responses for each, individual probabilities, expected values, variance, and standard deviation.

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    Expected Value, Variance and Std Deviation (1)

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    This document shows the probability distribution of a discrete random variable representing survey responses on a 5-point scale from strongly agree to strongly disagree. It includes the outcomes, number of responses for each, individual probabilities, expected values, variance, and standard deviation.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    17 views2 pages

    Expected Value, Variance and STD Deviation

    Uploaded by

    Jonelle Morris-Dawkins
    This document shows the probability distribution of a discrete random variable representing survey responses on a 5-point scale from strongly agree to strongly disagree. It includes the outcomes, number of responses for each, individual probabilities, expected values, variance, and standard deviation.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    WORKINGS

    Probability Distribution of a Discrete Random Variable

    Rand Var
    Outcome (xi) # of Resp. P (xi) xi . P (xi) xi - E(x) [xi - E(x)]2 [xi - E(x)]2 . P(xi)
    Strongly Agree 5 10 0.10 0.5 2.1 4.41 0.441
    Agree 4 20 0.20 0.8 1.1 1.21 0.242
    Neutral 3 30 0.30 0.9 0.1 0.01 0.003
    Disagree 2 30 0.30 0.6 -0.9 0.81 0.243
    Strongly disagree 1 10 0.10 0.1 -1.9 3.61 0.361
    100 1.00 2.9 1.290
    1.14
    Expected value = mean = 1.14
    1.14
    Variance:

    Standard deviation =
    = Q2
    =Q

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