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Mean and Variance of Discrete Random Variable

This document discusses the concepts of mean, variance, and standard deviation for discrete random variables. It defines the mean as the average value calculated using the formula μ = ∑ XP(x). Variance is defined as a measure of how scattered values are from the mean, calculated as σ2 = ∑ (X - μ)2P(x). Standard deviation is the square root of variance and measures average distance from the mean in the same units as the original data. Examples are provided to demonstrate calculating these values using given probability distributions.
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0% found this document useful (0 votes)
37 views41 pages

Mean and Variance of Discrete Random Variable

This document discusses the concepts of mean, variance, and standard deviation for discrete random variables. It defines the mean as the average value calculated using the formula μ = ∑ XP(x). Variance is defined as a measure of how scattered values are from the mean, calculated as σ2 = ∑ (X - μ)2P(x). Standard deviation is the square root of variance and measures average distance from the mean in the same units as the original data. Examples are provided to demonstrate calculating these values using given probability distributions.
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Mean and Variance of

Discrete Random Variable


STATISTICS AND PROBABILITY
Mean of a Discrete Random Variable

• The Mean µ of a discrete random variable is the


central value or average of its corresponding
probability mass function.
• It is also called as the Expected Value. It is
computed using the formula: µ

• µ = ∑ 𝑋𝑃(𝑥) Where x is the outcome and p(x) is


the probability of the outcome.
Using the Formula for the MEAN

• µ = ∑ 𝑋𝑃(𝑥)

multiply each possible value of the random


variable by its probability of occurrence and then
sum these products. This gives you the expected
value or mean of the random variable.
Mean of a Discrete Random Variable
Mean of a Discrete Random Variable

USING THE FORMULA : µ = ∑ 𝑋𝑃(𝑥)


Example No. 2

By
Constructing
A Table
Other way to compute the mean Using
the Histogram
Solution
Example 2
Solution
Solution
Quiz # 3
Answer Key
Answer Key : 5 points each with Solution

1.

2.
Variance and Standard Deviation of a
Random Variable

• The variance and standard deviation are two values


that describe how scattered or spread out the scores
are from the mean value of the random variable.

• The variance, denoted as , is determined using the formula:


= .P(x)

OR
Variance

• measures the spread or dispersion of


the possible values of the random
variable around its mean.
• It's calculated as the average of the
squared differences between each value
and the mean, weighted by their
respective probabilities.
Example 1 find the Variance
ANSWER : Using the Formula:
Standard Deviation
• Measures of Variability
• The standard deviation σ is the square root of the variance,
The standard deviation provides a measure of the "typical" distance
between the values of the random variable and its mean.
. It shows how far away the data points are from the typical or
central value. A measures of variability range, interquartile range,
standard deviation, and variance. Measures of variability can help to
describe the distribution of data.

OR
Example: Find the Standard Deviation
Solution : Standard Deviation
Difference of Variance and Standard
Deviation
• Variance is the average of the squared differences between each data
point and the mean of the dataset.
• It quantifies the average deviation of data points from the mean.
• Since it involves squared differences, the variance is not in the same
units as the original data.

• Standard deviation is the square root of the variance.


• It measures the average distance of data points from the mean.
• It is expressed in the same units as the original data, making it more
interpretable than variance.
Example
In Summary

• Variance gives the average squared deviation of data points from the mean.
• Standard deviation gives the average deviation of data points from the mean, and
it's in the same units as the original data.
• Standard deviation is more commonly used than variance because it is easier to
interpret and provides a more intuitive measure of variability. However, variance is
still important, especially in some statistical calculations and formulas.

σ2 – variance σ – standard deviation

µ - mean p(x) – probability of the outcome


Lets Answer: Recitation
Find The MEAN µ
ANSWER KEY
FOR VARIANCE

The value of variance is


FOR Standard Deviation
QUIZ # 4 Find the mean the variance
and Standard Deviation:
ANSWER KEY
FOR THE MEAN

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