Question
A sporting goods store sells softball bats. Let X be the numbers of bats sold on a typical day at the store. Based on the
A sporting goods store sells softball bats. Let X be the numbers of bats sold on a typical day at the store. Based on the store historical data, the probability distribution of X is provided in the table below. Sales (in units)
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3. What is the expected number of bats sold on a typical day?
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4. Calculate the variance of the probability distribution.
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5. What is the standard deviation of the probability distribution?
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6. What is probability of observing the sale of no more than 1 bat at this sporting goods store?
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7. What is the probability of observing the sale of at least one bat on a given day at this sporting goods store?
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8. What is the probability of observing the sale of no more than two bats on a given day at this sporting goods store?
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9. What is the probability of observing the sale of at least two bats on a given day at this sporting goods store?
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