Answer:
Mean Σ(X) = 554.6
Standard Deviation = 84.397
Step-by-step explanation:
The probability mass function of the random variable is provided in the text question. We are to calculate the mean, variance and standard deviation.
Mean Σ(X)
= (340 × 0.04) + (430 × 0.11) + (530 × 0.49)+ (650 × 0.36)
Mean Σ(X) = 554.6
Σ(X^2)
= (340^2 × 0.04) + (430^2 × 0.11) + (530^2 × 0.49)+ (650^2 × 0.36)
= 314,704
Var (X) = Σ(X^2) - Σ(X)^2
= 314,704 - (554.6)^2
= 314,704 - 307,581.16
Var (X) = 7,122.84
Standard Deviation = √(var(X))
= √(7,122.84)
Standard Deviation = 84.397