Question - suppose you are drawing cards out of a 30 card, Ask an Expert

Economics

Question - Suppose you are drawing cards out of a 30 card deck. The following table reports the value of each type of card and the frequency of each type.

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

Are the card values discrete or continuous?

What is the expected value of single draw?

Is the expected value you found a value you could actually draw? Does it have to be?

What is the population variance?

What is the population standard deviation?

Draw the probability distribution of the cards.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M93118798

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