The following probability distribution represents the number of grievances filed per month with the MNM. Corporation.
x
f(x)
0
0.04
1
0.36
2
0.50
3
0.08
4
0.02
?
a.
Determine the expected value of the number of grievances in a month.
b.
Determine the variance.
c.
Compute the standard deviation.
What will be an ideal response?
| a. | 1.68 |
| b. | 0.5776 |
| c. | 0.76 |
Business
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