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a certain region, each staffed by two employees. Information concerning yearly salaries (1000s of dollars) is as follows. A c

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Solution: Selection of two random employees may have the following possibilities: Employee 1 Employee 2 13 Salary 2 33.1 30.6Mean Salary 27.2 27.8 29.05 29.4 30 31.25 31.85 33.1 Probability P(X) 2/15 = 0.133 1/15 = 0.067 2/15 = 0.133 1/15 = 0.067 2/1E(X) = EXP(X) = 31.25 x 0.333 + 31.85 x 0.333 + 27.2 x 0.333 = E(X) = 30.1 Part-C: , _ 294 + 331 + 30.5 + 33.+ 250 +294 – 30.

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