Suppose hat probability distribution of a random variable x can be describe by the formula. P(x) =

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Suppose hat probability distribution of a random variable x can be describe by the formula.
P(x) = x/15
for each of the values x = 1, 2, 3,4, and 5. For example, then, P(x = 2) = p(2) = 2/15.
a. Write out the probability distribution of x.
b. Show that the probability distribution of x satisfies the properties of a discrete probability distribution.
c.
Calculate the mean of x.
d. Calculate the variance, σ2x, and the standard deviation, σx. 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...
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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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