The accompanying table gives the outcomes and probability distribution of the number of times a student checks her e-mail daily:   Outcome (X) (number of email checks) Probability Distribution f(x) 0 0.05 1 0.15 2 0.30 3 0.25 4 0.15 5 0.08 6 0.02    Calculate the expected value and the variance.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The accompanying table gives the outcomes and probability distribution of the number of times a student checks her e-mail daily:  

Outcome (X)

(number of email checks)

Probability Distribution f(x)

0

0.05

1

0.15

2

0.30

3

0.25

4

0.15

5

0.08

6

0.02

 

 Calculate the expected value and the variance. 

 

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