Standard deviation, Variance and Covariance
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Consider three sets of data:
1. data: 1 0 1 3
probability: 0.2 0.3 0.3 0.2
2. data: 0 2 4 1
probability: 0.2 0.3 0.3 0.2
3. data: 4 1 0 0
probability: 0.2 0.3 0.3 0.2
Calculate the standard deviation and variance of each set data, and covariance.
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Solution Summary
Standard deviation, variance and covariance are calculated in Excel. Calculations are not explained.
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