1) The probability distribution of a random variable X is given below The variance of X is A) 1.6 B) 0.24 C) 0.84 D) 0.75 Answer: Option CExplanation:We have, Variance ${\sigma ^{2}}$= $\sum P_{i}X_{i}^{2}-(\sum P_{i}X_{i})^{2}$ $= 3.4 -(1.6)^{2}=3.4-2.56=0.84$