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Example of calculation of the mean value and variance

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The service life of an incandescent light bulbs used domestically was
investigated.
It was found that a light bulb can last up to 3 years, and the probability
distribution of the number of years a light bulb was used before failure is given
below:
Years light bulb was used before failure (x) 0 1 2 3
Probability of x years 0.1 0.3 0.5 0.1

(i) What is the mean service life of a light bulb?
(ii) What is the variance and standard deviation of a service life of a light
bulb?

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Solution Summary

This is a simple problem showing how to calculate variance and mean value (average) in a probability problem.

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