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Name C. Shipman The management of a grocery store has kept a record ofbad checks received per day for a period of 300 days. The
Name C. Shipman The management of a grocery store has kept a record ofbad checks received per day for a period of 300 days. The data are shown below 1. Number of Bad Checks Received Number of Days 12 18 30 60 70 30 40 30 a) Develop a probability distribution for the above data. b) Is the probability distribution that you found in Part "a" a proper probability distribution? Explain c) Determine the cumulative probability distribution, F(x) d) What is the probability that in a given day the store receives four or less bad checks? e) Whatis the probability that in a given day the store receives more than 3 bad checks? f) What is the expected value of the number of checks received? g) Compute the variance of the number of checksreceived h) Compute the standard deviation of number of checks received of 10 Words: 503 O Type here to search
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