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Determine the mean and variance of the random variable with the following probability mass function. f(x) = (125/31)(1/5)^x ........ x = 1,2,3


LAST QUESTION I SWEAR!!!

Verified Answer :

\(f(x)=\begin{cases}\dfrac{125}{31}&\text{for }x\in\{1,2,3\}\\\\0&\text{otherwise}\end{cases}\)

The mean is

\(\mathbb E(X)=\displaystyle\frac{125}{31}\sum_{x=1}^3x\left(\frac15\right)^x=\dfrac{38}{31}\)

You then have

\(\mathbb E(X^2)=\displaystyle\frac{125}{31}\sum_{x=1}^3x^2\left(\frac15\right)^x=\dfrac{54}{31}\approx1.74\)

so the variance is

\(\mathbb V(X)=\dfrac{54}{31}-\left(\dfrac{38}{31}\right)^2=\dfrac{230}{961}\approx0.239\)