The probabilities of a machine manufacturing 0,1,2,3,4 or 5 defective parts in one day are 0.75,0.17,0.04,0.025,0.01, and 0.005, respectively. Find the variance.
We know that,
"\\text{Mean}(\\mu) =\\Sigma_{i=0} ^{5} x_iP(x_i)"
"Variance(\\sigma^2)= \\Sigma_{i=0}^5 x^2_{i}P(x_i)-\\mu^2"
"\\text{Mean}(\\mu) =\\Sigma_{i=0} ^{5} x_iP(x_i)= 0.39"
"Variance(\\sigma^2)= \\Sigma_{i=0}^5 x^2_{i}P(x_i)-\\mu^2\\\\"
"\\Rightarrow0.84-0.1521=0.6879 = 0.69"
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