..Okay, so after doing my calculations i got the expected value of 1.
questions "a" asks for the mean and standard deviation for c.
Isnt the mean 1.5? just (3+2+1+0 / 4 = 1.5)? Mr F says: This is only true if each value has the same probability of occuring.
What do you think the mean value of 1 and 11 is if the probability of 11 occuring is 0.99999 and the probability of 1 occurring is 0.00001 ....? Would you argue (1 + 11)/2 ....?
And my notes only reminded me of this, they are incomplete , Mr F says: ?
so if i did any of this right what should be my next step?