Elena measured the perimeter of a square desk and found 359 cm. Andre measured the perimeter of the same desk and found 3,579 mm
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This is very spread out just to show properly but you could get it smaller haha
Expected Mean, E(X), is obtained by multiplying each pair of 
and its 
and add up the answers
E(X) = (0×0.7) + (1×0.2) + (2×0.1) = 0.4
The formula to calculate the variance, Var(X), is given by E(X)² - (E(X))²
E(X²) = (0²×0.7) + (1²×0.2) + (2²×0.1) = 0+0.2+0.4 = 0.6
(E(X))² = (0.4)² = 0.16
Var(X) = 0.6 - 0.16 = 0.44
Translating these answers into the context we have
E(Y) = 0.4×500 = $200
Var(Y) = $110
E(X) = (0×0.7) + (1×0.2) + (2×0.1) = 0.4
The formula to calculate the variance, Var(X), is given by E(X)² - (E(X))²
E(X²) = (0²×0.7) + (1²×0.2) + (2²×0.1) = 0+0.2+0.4 = 0.6
(E(X))² = (0.4)² = 0.16
Var(X) = 0.6 - 0.16 = 0.44
Translating these answers into the context we have
E(Y) = 0.4×500 = $200
Var(Y) = $110