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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.

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Most popular questions from this chapter

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