Would you expect the variance to be larger or smaller

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Reference no: EM131397114

For the probability function

x: 1, 2, 3, 4, 5

p(x): 0.2, 0.2, 0.2, 0.2, 0.2

would you expect the variance to be larger or smaller than the variance associated with the probability function used in the previous exercise? Verify your answer by computing the variance.

Reference no: EM131397114

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