Two random variables, X and Y, have standard deviations 2.4 and 3.6, respectively. Which one is more likely to take a value close to its mean? Explain your answer.

Short Answer

Expert verified

X is more likely to take a value close to its mean.

Step by step solution

01

Step 1. Given information.

The given statement is:

Two random variables, Xand Y, have standard deviations of 2.4 and 3.6, respectively.

02

Step 2. Determine the value close to its mean.

For any two random variables, the one with a lower standard deviation than the other's mean will take a value near to that of the other.

The random variable X has a lower mean than the random variable Y's standard deviation.

Because random variable X has a lower standard deviation than random variableY, it is more likely to take a value nearer to the mean.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free