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    Steps in Finding The Mean Variance and Standard Deviation of The Probability Distribution of The Discrete Random Variable

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    Siesta
    This document discusses mean, variance, and standard deviation of discrete probability distributions. It defines mean as the sum of each value of a random variable multiplied by its probability. Variance is defined as the sum of the squared differences between each value and the mean, multiplied by its probability. Standard deviation is the square root of the variance. It provides an example calculating the average number of grocery items a customer will buy based on given probabilities. It also gives examples of calculating variance and standard deviation for a random variable representing the number of cars sold daily.

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    Steps in Finding The Mean Variance and Standard Deviation of The Probability Distribution of The Discrete Random Variable

    Uploaded by

    Siesta
    39 views11 pages
    This document discusses mean, variance, and standard deviation of discrete probability distributions. It defines mean as the sum of each value of a random variable multiplied by its probability. Variance is defined as the sum of the squared differences between each value and the mean, multiplied by its probability. Standard deviation is the square root of the variance. It provides an example calculating the average number of grocery items a customer will buy based on given probabilities. It also gives examples of calculating variance and standard deviation for a random variable representing the number of cars sold daily.

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    Steps in Finding the Mean Variance and Standard Deviation of the Probability Distribution of the Discrete Random Variable

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    This document discusses mean, variance, and standard deviation of discrete probability distributions. It defines mean as the sum of each value of a random variable multiplied by its probability. Variance is defined as the sum of the squared differences between each value and the mean, multiplied by its probability. Standard deviation is the square root of the variance. It provides an example calculating the average number of grocery items a customer will buy based on given probabilities. It also gives examples of calculating variance and standard deviation for a random variable representing the number of cars sold daily.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    39 views11 pages

    Steps in Finding The Mean Variance and Standard Deviation of The Probability Distribution of The Discrete Random Variable

    Uploaded by

    Siesta
    This document discusses mean, variance, and standard deviation of discrete probability distributions. It defines mean as the sum of each value of a random variable multiplied by its probability. Variance is defined as the sum of the squared differences between each value and the mean, multiplied by its probability. Standard deviation is the square root of the variance. It provides an example calculating the average number of grocery items a customer will buy based on given probabilities. It also gives examples of calculating variance and standard deviation for a random variable representing the number of cars sold daily.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 11

    Mean, Variance and

    Standard Deviation of the


    Probability Distribution of the
    Discrete Random Variable
    Mean of the Probability Distribution
    The mean of a random variable with a
    discrete probability distribution is:
    µ=𝑋1 .P(𝑋1 )+𝑋2 .P(𝑋2 )+𝑋3 .P(𝑋3 )+……𝑋𝑛 .P(𝑋𝑛 ) or
    µ=𝛴X . P(X)
    where:
    𝑋1, 𝑋2 , 𝑋3 , . . … 𝑋𝑛 = are values of the random
    variable X; and
    P(𝑋1 ), P(𝑋2 ), P(𝑋3 )…… P(𝑋𝑛 ) =are the
    corresponding probabilities
    Grocery items
    The probabilities that a customer will buy
    3
    1,2,3,4 or 5 items in a grocery store are ,
    10
    1 1 2 3
    , , 𝑎𝑛𝑑 respectively.
    10 10 10 10
    What is the average number of items that
    a customer will buy.
    Solution:
    Step 1: Construct the probability distribution for the
    random variable X representing the number of items
    that the customer will buy.
    Step 2: Multiply the value of the random variable X
    by the corresponding probability.
    Step 3: Add the results obtained in step 2.

    The mean of the probability distribution implies that


    the average number of items that the customer will
    buy.
    Variance and Standard Deviation for a
    Probability Distribution
    Variance
    𝜎 2 =𝛴(𝑋 − µ)2 . P(X)
    Standard Deviation
    σ= 𝛴(𝑋 − µ)2 . P(X)
    where:
    X = the value of the random variable
    P(X)= Probability of the random Variable X
    µ= mean of the probability distribution
    Example 1:
    The number of cars sold per day at a
    local car dealership, along with its
    corresponding probabilities, is shown in
    the succeeding table. Compute the
    variance and the standard deviation of
    the probability distribution.
    Number of Cars sold Probability P(X)

    0 1
    10

    1 2
    10

    2 3
    10

    3 2
    10

    4 2
    10
    Steps in finding the Variance and
    Standard Deviation
    Find the mean of the Probability Distribution.
    Subtract the mean from each value of the random
    variable X.
    Square the results obtained in step 2.
    Multiply the results obtained in step 3 by the
    corresponding probability.
    Get the sum of the results obtained in step 4.
    Get the square root of the variance to get the
    standard deviation.
    Alternative Procedure in finding the Variance
    and Standard Deviation
    Variance 𝜎 2 =𝛴(𝑋 − µ)2 . P(X)
    Standard Deviation σ= 𝛴(𝑋 − µ)2 . P(X)
    Find the mean of the probability distribution
    Multiply the square of the value of the of the
    random variable X by its corresponding
    probability.
    Get the sum of the results obtained in step 2.
    Subtract the mean from the results obtained in
    step 3.
    Variance is the expected value of the
    squared variation of a random
    variable from its mean value, in
    probability and statistics. Informally,
    variance estimates how far a set of
    numbers (random) are spread out
    from their mean value.
    Thank you

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