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Calculate the Expected Value, the Variance, and the Standard Deviation μ=E(X)=\mu = E ( X ) =

question 155

Short Answer

Calculate the expected value, the variance, and the standard deviation of the given random variable X.

Forty-five darts are thrown at a dartboard. The probability of hitting a bull's-eye is 0.3. Let X be the number of bull's-eyes hit.

Please round your answers to two decimal places, if necessary.
μ=E(X)=\mu = E ( X ) = __________
σ2=\sigma ^ { 2 } = __________
σ=\sigma = __________


Definitions:

Specializes

The process by which individuals, businesses, or countries focus on producing a limited scope of products or services to gain greater efficiency and expertise.

Opportunity Cost

The financial impact of rejecting the nearest superior alternative when deciding.

Box

A container, often square or rectangular, used for storage or shipping.

Consumer Surplus

Consumer surplus is the difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

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