The following table shows part of the probability distribution for the number of boats sold daily at Boats Unlimited. It is known that the average number of boats sold daily is 1.57.
x
f(x)
0
0.20
1
0.30
2
0.32
3
?
4
0.05
5
0.02
?
Compute the variance and the standard deviation for this probability distribution.
What will be an ideal response?
Variance = 1.4051, Standard deviation = 1.1854 (rounded)
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