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Suppose you are drawing cards out of a 30 card deck. The following table reports the value of each type of card and the number of that type in the deck.

Value Number
1 6
2 7
3 6
4 3
5 8

A.) Are the card values discrete or continuous?
B.) What is the expected value of a single draw?
C.) Is the expected value you found a value you could actually draw? Does it have to be?
D.) What is the population variance?
E.) What is the population standard deviation?
F.) Draw the probability distribution of the cards.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M946813

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