Because of bad weather, the number of days next week that the captain of a charter fishing

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Because of bad weather, the number of days next week that the captain of a charter fishing boat can leave port is uncertain. Let x = number of days that the boat is able to leave port per week. The following probability distribution for the variable, x, was determined based on historical data when the weather was poor:
x P(x)
0…………………..0.05
1…………………..0.10
2…………………..0.10
3…………………..0.20
4…………………..0.20
5…………………..0.15
6…………………..0.15
7…………………..0.05
Based on the probability distribution, what is the expected number of days per week the captain can leave port?
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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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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