This calculator finds mean, standard deviation and variance of a distribution. The calculator will generate a step by step explanation along with the graphic representation of the data sets and regression line.
A company tested a new product and found that the number of errors per 100 products had the following probability distribution:
Find the mean number of errors per 100 products.
You flip the coin. What is the expected value if every time you get heads, you lose \$2, and every time you get tails, you gain \$5. The probability distribution is:
The discrete probability distribution of X is given by:
Find the mean of the distribution.
When you roll a die, you will be paid \$3 for numbers divisible by 3 and you will lose \$2 for numbers that are not divisible by 3 Find the expected value of money you get.