Find the variance with solution

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Find the variance with solution

 

MEAN AND VARIANCE
A Grab driver wants to know his expected income in the past 10 days. He
opened his driver application and check the history of his completed jobs
and income for the past 10 days. The table below is the list of his income in
the past 10 days. Construct the probability distribution of the driver's
income in the past 10 days then find his expected income. *
Number of Days
Income
Day 1
Day 2
2800
3000
Day 3
3560
Day 4
2790
Day 4
Day 6
2500
3700
Day 7
3700
Day 8
3480
Day 9
2500
Day 10
3000
Transcribed Image Text:MEAN AND VARIANCE A Grab driver wants to know his expected income in the past 10 days. He opened his driver application and check the history of his completed jobs and income for the past 10 days. The table below is the list of his income in the past 10 days. Construct the probability distribution of the driver's income in the past 10 days then find his expected income. * Number of Days Income Day 1 Day 2 2800 3000 Day 3 3560 Day 4 2790 Day 4 Day 6 2500 3700 Day 7 3700 Day 8 3480 Day 9 2500 Day 10 3000
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