Let x be the number of cars that a randomly selected auto mechanic repairs on a given day The following table lists the probability distribution of x Find the mean and standard deviation of x Give a brief interpretation of the value of the mean 5 2 P(x) 05 40 23 10...

x Px xPx x 2 x2Px 2 05 10 4 20 3 22 66 9 ...

Let x be the number of cars that a randomly selected auto mechanic repairs on a given

Question:

Let x be the number of cars that a randomly selected auto mechanic repairs on a given day. The following table lists the probability of x.

Find the mean and standard deviation of x. Give a brief interpretation of the value of the mean.

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...