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Construct a probability distribution for your net win (X) in the series. Calculate your expected net win (E(X)) and the standard deviation of X.

One Entry Level Statistics Task Problem: Suppose that Boston Celtics and Miami Heat (two American NBA teams) are scheduled to play a best of three (3) series. The winner of the series will be the first team that wins two of the three games. The probability that Boston Celtics wins a game in their home […]

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