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1. The following probability distribution represents the number of people living in a Household (X), and...

1. The following probability distribution represents the number of people living in a Household (X), and the probability of occurrence (P(X)). Compute the Expected Value (mean), the Variance and the Standard Deviation for this random variable. Show Your Calculations for the Mean.

    X      1         2        3          4        5               

P(X)    .33      .29      .27        .07       .04     

2. Use the binomial formula to compute the probability of a student getting 8 correct answers on a 10 question Quiz, if the probability of answering any one question correctly is 0.64. SHOW YOUR WORK.

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