Number of Horses ​

question 154

Short Answer

Number of Horses ​
The random variable X represents the number of horses per family in a rural area in Iowa,with the probability distribution: p(x)= 0.05x,x = 2,3,4,5,or 6. ​ ​
-{Number of Horses Narrative} Find the variance and standard deviation of X.

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Definitions:

Private Ownership

The holding of property by non-governmental legal entities or individuals.

Conservation Of Resources

Involves managing natural resources wisely to prevent depletion and ensure sustainability for future generations.

Accountable

Being responsible or answerable for actions or decisions, often in a professional or personal context.

Creative Destruction

The process by which newer innovations lead to the demise of older technologies and business models, driving economic growth.