In an effort to minimize the monetary losses that result from a devastating Florida hurricane, part of

Question:

In an effort to minimize the monetary losses that result from a devastating Florida hurricane, part of the researchers' analysis included a graphic showing the sequence number of tropical storms within a season that are most likely to develop into a hurricane. Data for 67 hurricanes are summarized in the table. Let x represent the sequence number of a Florida tropical storm within a season that develops into a hurricane.
For Information: Refer to the Southeastern Geographer (Summer 2009) comprehensive analysis of damages caused by Florida hurricanes, Exercise 3.12.

a. Explain why x represents a discrete random variable.
b. Specify the probability distribution for x.
c. Find P(x = 5).
d. Find P(x e. Find E(x) and interpret the result.
f. Is it likely to observe a hurricane after the 15th tropical storm of the season? 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...