Steps Solution

1. Construct the probability Numbers of items Probability

distribution for the random variable
X representing the number of items
that the customer will buy.
X P(X)
1 3
10
2 1
10
3 1
10
4 2
10
5 3
10
2. Multiply the value of the Numbers of items Probability XP(X)
X P(X)
random variable X by the
1 3 3
corresponding probability 10 10
2 1 2
10 10
3 1 3
10 10
4 2 8
10 10
5 3 15
10 10

3. Add the result obtained in Numbers of items Probability XP(X)

X P(X)
Step 2. 1 3 3
10 10
2 1 2
10 10
3 1 3
10 10
4 2 8
10 10
5 3 15
10 10

31
= = 3.1
10
2. Multiply the value of the
random variable X by the
corresponding probability

3. Add the result obtained in Numbers of items Probability XP(X)

X P(X)
Step 2. 1 3 3
10 10
2 1 2
10 10
3 1 3
10 10
4 2 8
10 10
5 3 15
10 10

31
= = 3.1
10
 Number of Cars Sold
The number of cars sold per day at a local car
dealership, along with its corresponding probabilities, is shown
in the succeeding table. Compute the variance of the probability
distribution by following the steps.

Numbers of Cars Sold Probability

X P(X)
0 1
10
Steps in Finding the Variance and Standard Deviations
1 2 1. Find the mean of the probability distribution
10 2. Subtract the mean from each value of the random variable X.
2 3 3. Square the results obtained in Step 2.
10 4. Multiply the results obtained in Step 3 by the corresponding probability.
3 2 5. Get the sum of the results obtained in Step 4.
10
4 2
10
 Steps Solution

1. Find the mean of the Numbers of Cars Sold Probability XP(X)

X P(X)
probability distribution using
0
the formula.
= X = P(X) 1

2

3

4


= = = .

2. Subtract the mean from X P(X) XP(X) X-

each value of the random 1
0 0 4.84
variable X. 10

1 2 2 1.44
10 10

2 3 6 0.04
10 10
Number of Cars Sold 3 2 6 0.64
10 10
The number of cars sold per day at a local car
dealership, along with its corresponding probabilities, is shown in 4 2 8 3.24
the succeeding table. Compute the variance of the probability 10 10
distribution by following the steps.

Steps in Finding the Variance and Standard Deviations

1. Find the mean of the probability distribution
2. Subtract the mean from each value of the random variable X.
3. Square the results obtained in Step 2.
4. Multiply the results obtained in Step 3 by the corresponding probability.
5. Get the sum of the results obtained in Step 4.
 3. Square the results obtained in Step 2. X P(X) XP(X) X- (X-)

0 1 0 -2.2 4.84
10
1 2 2 -1.2 1.44
10 10
2 3 6 -0.2 0.04
10 10
3 2 6 0.8 0.64
10 10
4 2 8 1.8 3.24
10 10

4. Multiply the results obtained in Step 3 by the X P(X) XP(X) X- (X-) (X-)P(X)

corresponding probability.
0 1 0 -2.2 4.84 0.484
10
1 2 2 -1.2 1.44 0.288
10 10
2 3 6 -0.2 0.04 0.012
10 10
3 2 6 0.8 0.64 0.128
Number of Cars Sold
10 10
The number of cars sold per day at a local car 4 2 8 1.8 3.24 0.648
dealership, along with its corresponding probabilities, is shown in 10 10
the succeeding table. Compute the variance of the probability
distribution by following the steps.

Steps in Finding the Variance and Standard Deviations

1. Find the mean of the probability distribution
2. Subtract the mean from each value of the random variable X.
3. Square the results obtained in Step 2.
4. Multiply the results obtained in Step 3 by the corresponding probability.
5. Get the sum of the results obtained in Step 4.
 5. Get the sum of the results obtained in Step 4. X P(X) XP(X) X- (X-) (X-)P(X)
The result is the value of the variance. So, the
0 1 0 -2.2 4.84 0.484
formula for the variance is: 10
1 2 2 -1.2 1.44 0.288
a=(X-)P(X). 10 10
2 3 6 -0.2 0.04 0.012
10 10
3 2 6 0.8 0.64 0.128
10 10
4 2 8 1.8 3.24 0.648
10 10
a=(X-)P(X)=1.56

6. Get the square root of the variance to get the The variance of the probability distribution is 1.56.
standard deviations The standard deviation is o=1.56= 1.25.
Number of Cars Sold

The number of cars sold per day at a local car

dealership, along with its corresponding probabilities, is shown in
the succeeding table. Compute the variance of the probability
distribution by following the steps.

Steps in Finding the Variance and Standard Deviations

1. Find the mean of the probability distribution
2. Subtract the mean from each value of the random variable X.
3. Square the results obtained in Step 2.
4. Multiply the results obtained in Step 3 by the corresponding probability.
5. Get the sum of the results obtained in Step 4.