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6 Mean and Variance of Discrete Probability Distribution
6 Mean and Variance of Discrete Probability Distribution
0 1/4 0 (1/4) = 0
5 1/6 5(1/6) = 5/6 Therefore, the mean or expected value of X is theoretically 3.5.
-200(1/3) = 200/3
-100(1/6) = -50/3
300(1/2) = 150
STEP 1: Construct the STEP 2: Multiply the value of the Therefore, the mean or expected value of X is Php 66.67. This means that a
probability distribution. random variable by the player is expected to win an average of Php 66.67 in the long run.
corresponding probability. .
“VARIANCE AND STANDARD
DEVIATION OF A DISCRETE
RANDOM VARIABLE”
Example 1: Consider the first experiment in the “Getting Ready Activity”.
Or 66.67