A Wendy's manager performed a study to determine a probability distribution for the number of people, X

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A Wendy's manager performed a study to determine a probability distribution for the number of people, X< waiting in line during lunch. The results were as follows:

Xp(X)X*p(X)

0......................................0.015

1......................................0.125

2......................................0.246

3......................................0.334

4......................................0.210

5......................................0.070

(a) Verify that this is a discrete probability distribution.

(b) Compute and interpret the mean of the random variable X.

(c) Compute the standard deviation of the random variable X?

(d) What is the probability that 4 people are waiting in line for lunch?

(e) What is the probability that at least 4 people are waiting in line for lunch? Would this be unusual? Explain.

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...
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Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

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