Question
Please answer the following questions: a) Can the table be represented as a probability distribution? Please explain and identify if it can be represented as
Please answer the following questions:
a) Can the table be represented as a probability distribution? Please explain and identify if it can be represented as a discrete or continuous distribution. Create a graph of this distribution in Excel.
b) Based on your answer to part a, what is the probability of a randomly selected family making a $20 contribution into their account?
c) What is the probability of a randomly selected household contributing a maximum of $15?
d) What is the probability of a randomly selected household contributing between $20 and $30?
e) What is the mean, variance and standard deviation of the contributions?
Amount | Frequency |
$1 | 4 |
$5 | 8 |
$8 | 3 |
$10 | 24 |
$12 | 1 |
$15 | 11 |
$16 | 2 |
$17 | 1 |
$20 | 24 |
$25 | 22 |
$30 | 6 |
$40 | 5 |
$50 | 17 |
$60 | 3 |
$75 | 1 |
$100 | 8 |
$150 | 3 |
$200 | 2 |
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