Find Mean, Variance, Standard Deviation, and Coefficient of Variance from Probability Distribution
Sunday, April 8th, 2007Given a probability distribution, the mean, variance, standard deviation, and coefficient of variance are found.
Find-Stats-From-Probability-Distribution Program Walkthrough:
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Enter the total number of values of a random variable and its corresponding probabilities. In simple terms, enter the total number of combinations possible of an event happening. Let’s say a coin is tossed four times. The total number of possible combinations is five: no heads, one head, two heads, three heads, or all four heads. Note that order of events does not matter. Also, this program works for any total number of values.
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The first event involves no heads. The probability of this happening is 1 out of 16. So, enter zero for X and 1/16 for PROB.
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The second event involves one head. The probability of this happening is 1 out of 4. So, enter one for X and 1/4 for PROB. Note that the recent values are displayed so that you don’t get lost in a long list of events.
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The third event involves two heads. The probability of this happening is 3 out of 8. So, enter two for X and 3/8 for PROB. Note that the recent values are displayed so that you don’t get lost in a long list of events.
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The fourth event involves three heads. The probability of this happening is 1 out of 4. So, enter three for X and 1/4 for PROB. Note that the recent values are displayed so that you don’t get lost in a long list of events.
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The fifth event involves four heads. The probability of this happening is 1 out of 16. So, enter four for X and 1/16 for PROB. Note that the recent values are displayed so that you don’t get lost in a long list of events.
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The mean, variance, standard deviation, and coefficient of variance are calculated. So if you did infinite sets of tossing a coin four times, two heads would be the average (mean) result, plus or minus one head (standard deviation). In this case, the variance equals the standard deviation.
















