Assume that you assign the following subjective probabilities for your final grade in your econometrics...
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Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies):
Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies):
| Grade | Probability |
| A | 0.20 |
| B | 0.50 |
| C | 0.20 |
| D | 0.08 |
| F | 0.02 |
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Find the Expected Mean
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Find the Variance
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