Question 1:

a. Find the mean and variance of the following probability distribution and hence find its
standard deviation.

Solution:

 xpx  x
x P (X = x) 2 2
x px

-10 1 -2 100 20
5

-20 3 -3 400 60
20
30 1 15 900 450
2
75 1 7.5 5625 562.5
10
80 1 4 6400 320
20
total 21.5 13425 1412.5

Mean=  xpx =21.5

Var= x 2
px   2

=1412.5- (21.5)2

=1412.5-462.25

=950.25

S.D=√𝑣𝑎𝑟

s.d=30.83 Ans

b)