Compute the standard deviation of x

Assignment Help Microeconomics
Reference no: EM132135717

Question - The following table provides a probability distribution for the random variable x.

x

f(x)

3

.25

6

.50

9

.25

A) Compute E(x), the expected value of x.

B) Compute s2, the variance of x (to 1 decimal).

C) Compute s, the standard deviation of x (to 2 decimals).

Reference no: EM132135717

Questions Cloud

What is the required reserve ratio : If the monetary multiplier is 5, what is the required reserve ratio?
Calculate demand for the output good produced by firms : Using LD = 125-9W as a starting labor demand curve, indicate the change when consumers increase their demand for the output good prod uced by firms.
Intermediate goods like steel and aluminum sheets : Recent tariff actions by President Trump include raising tariffs and quotas on imports of both manufactured goods like televisions
Inviting mostly business acquaintances : Donald and Gloria Bowden hosted a cookout at their home in South Carolina, inviting mostly business acquaintances.
Compute the standard deviation of x : The following table provides a probability distribution for the random variable x. Compute s, the standard deviation of x (to 2 decimals)
Describe industry responses to challenges : Include charts/graphs and tables indicating trends. Describe industry responses to challenges discovered during the auto industry's history.
Explain aggregated supply and aggregated demand : I am having a hard time trying to understand as well as explain aggregated supply and aggregated demand while implementing it through governmental policies
How many production runs will there be per year : How many production runs will there be per year? What percentage of time will the facility be producing light bulbs?
What two treaties did franklin ultimately get france : How was he received there? Was he liked and, if so, why? What reasons did France have for favoring the Colonies over England in the war?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd