
Laurie S. answered 09/01/13
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Algebra I, II, Geometry and Trigonometry Expert Tutor
The mean of a discrete random variable X is a weighted average of the possible values that the random variable can take. μx=Σxipi in other words its the sum of all random variables times their probabilities
The variance of a discrete random variable X measures the spread, or variability, of the distribution, and is defined by σ2x= Σ(xi - μx)2

Andre W.
09/01/13