Expected Value, Variance and Standard Deviation

Expected Value, Variance and Standard Deviation - None...

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Expected Value, Varinace and Standard Deviation Ski Rental Firm Event Estimated Expected Snow Return Return Heavy 0.3 0.20 0.06 Light 0.5 0.10 0.05 None 0.2 -0.10 -0.02 Sums 1.0 0.09 0.09 Event Estimated Expected Snow Return Deviation Heavy 0.3 0.20 0.11 0.0121 0.0036 Light 0.5 0.10 0.01 0.0001 0.0001
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Unformatted text preview: None 0.2-0.10-0.19 0.0361 0.0072 Sums 1.0 0.01 0.01 σ 0.10 Note: The SUMPRODUCT function is also useful in computing expected values. P (Event) P (Snow) E( R ) = P (Event) P (Snow) Deviation 2 Deviation 2 σ 2...
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