Write True if the statement is correct and False if it is incorrect.

1. The larger the value of the variance, the farther are the values of X from the
mean.

2. Weighted average of all the values that the random variable X assumes is
mean.

3. Standard deviation is easier to interpret compared to variance.

4. Mean and variance of probability distributions help describe the degree of
randomness of the event.

5. The probability of an occurrence is always less than 1.​