3.The following table contains costs and their corresponding probabilities. a. Calculate the expected cost. b. Calculate its variance. Cost(000) 100 Probability .15 130 .3 150 .35 170 .2

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Please answer b. 

3.The following table contains costs and their corresponding probabilities.
Calculate the expected cost.
b. Calculate its variance.
Cost(000)
100
Probability
.15
130
.3
150
.35
170
.2
Transcribed Image Text:3.The following table contains costs and their corresponding probabilities. Calculate the expected cost. b. Calculate its variance. Cost(000) 100 Probability .15 130 .3 150 .35 170 .2
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