Find the Standard Deviation of the Poisson Random Variable

question 34

Multiple Choice

Find the standard deviation of the Poisson random variable. Round to three decimal places.
-Suppose X has a Poisson distribution with parameter ʎ = 1.300. Find the standard deviation of X.

• A)1.690
• B)1.14
• C)1.300
• D)1.000

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Definitions:

Gender Bias

The tendency to prefer one gender over another, which can manifest in various social, professional, and educational contexts, leading to unequal treatment or perceptions based on gender.

Subjective Utility

The perceived value or benefit of an action or choice to an individual, based on personal preferences and feelings.

Expected Value

A statistical concept representing the average outcome of a random event when the process is repeated many times.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.