The percentage of people (to the nearest 10) responding to an advertisement is a random variable with
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The percentage of people (to the nearest 10) responding to an advertisement is a random variable with the following probability distribution:
x(%) ...P(x)
0 ......0.10
10 ......0.20
20 ......0.35
30 ......0.20
40 ......0.10
50 ......0.05
a. Show that P(x) is a probability distribution.
b. Find the cumulative distribution function.
c. Find the probability that more than 20% will respond to the ad.
DistributionThe 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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Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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