Question

The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience. Admissions Probability 1,100 .2 1,400 .3 1,300 .5 Click here for the Excel Data File What is the expected number of admissions for the fall semester? Compute the variance and the standard deviation of the number of admissions. (Round your standard deviation to 2 decimal places.)

Answer 1

Variance =10900.00

Standard deviation=104.50

Step by step Explanation:

Admissions Probability for 1100= 0.2

Admissions Probability for 1400=0.3

Admissions Probability for 1300 =0.5

To find the expected value, we will multiply each possibility by its probability and then add.

mean = 1100*0.2 + 1400*0.3 + 1300*0.5 = 1290

To find the variance, we will start by squaring each possibility and then multiplying it by its probability. We will then add these and subtract the mean squared.

E(X^2)=( 1100²*0.2)+ (1400²*0.3 )+ (1300²*0.5) = 1675000

Variance(X)=E(X²)- [E(X)]²

= 1675000 - (1290)²

=10900

Hence, the Variance(X)=10900

Then to calculate the standard variation , we will use the formular below,

standard variation (X)=√ var(X)= √10900

=104.5

Hence the standard variation=104.5