Worked Example 2

Worked Example 2

TGM Original Questions
Free

A random variable \(X\) takes integer values between \(1\) and \(4\) inclusive where \(\mathrm{P}\left( X=x \right)=a{{x}^{3}}+0.01\) for \(x=1,\mathrm{ }2,\mathrm{ }3,\mathrm{ }4\).

Find \(\mathrm{E}\left( X \right)\) and \(\mathrm{Var}\left( X \right)\).

Video Solution:

Default solution

Answer:\(a = 6/625; E(X) = 3.50; Var(X) = 0.541\)

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