Refer to Exercise 7.59. In exercise 7.59 A fire inspector has conducted an extensive analysis of the

Question:

Refer to Exercise 7.59.

In exercise 7.59

A fire inspector has conducted an extensive analysis of the number of smoke detectors and the number of carbon monoxide detectors in the homes in a large city. The analysis led to the creation of the following bivariate probability distribution.

Carbon Monoxide Detectors 1 2 Smoke Detectors .42 .03 .15 .07 .01 .06 .10 .15 .05 3 .04 .02 2.

a. Determine the probability distribution of carbon monoxide detectors.

b. What is the mean, variance, and standard deviation of the number of carbon monoxide detectors?

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...