A large retail company encourages its employees to get customers to apply for the store credit card.

Question:

A large retail company encourages its employees to get customers to apply for the store credit card. Below is the distribution for the number of credit card applications received per employee for an 8-hour shift.

a. What is the probability that an employee will get 2 or 3 applications during any given shift?

b. Find the mean, variance, and standard deviation for this probability distribution.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...