What is the Expected Value Formula for a Discrete Random Variable?
x1p1 + x2px +x3p3 +....
sum_(i=0)^N x i p i
What is the Standard Deviation Formula for a Discrete Random Variable?
See White Board.
What is the Expected Value AND Standard Deviation Formula of a Binomial Random Variable.
Expected Value = (n)(p)
Standard Deviation =
sqrt((n)(p)(1-p)
Below is Probability Distribution of the number of the number of siblings of Mr.A's 5th period. What is the Expected Value of (Expected number of) the siblings? Bonus for Finding Standard Deviation.
See the Board
A multiple choice test has 5 options and only one answer is the correct option. If Mr. A gives a 30 question test, what is the Expected Value of Correct answers you would get by just guessing? What would the Standard Deviation of the test be?
E(x) = (30)(1/5) = 6 questions correct
SD =
sqrt((30)(1/5)(4/5)) = 2.19