Consider the following discrete probability
distribution:
P(x)
3 0.13
6 9 0.12 0.15
12 0.60
a. Calculate the variance and standard deviation of the
random variable. b. Let y=x+7. Calculate the variance and standard
deviation of the random variable y. c. Let z = 7x. Calculate the variance and standard
deviation of the random variable z. d. From your calculations in part a and part b,
indicate the effect that adding a constant to a random variable has on its variance and standard deviation..
e. From your calculations in part a and part c, indicate the effect that multiplying a random variable with a constant has on the variance and the standard deviation of the random variable.
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