The random variable x represents the number of phone calls the author receives in a day, and
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The random variable x represents the number of phone calls the author receives in a day, and it has a Poisson distribution with a mean of 7.2 calls. What are the possible values of x? Is a value of x = 2.3 possible? Is x a discrete random variable or a continuous random variable?
DistributionThe 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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