The random variable x is the number of houses sold by a realtor in a single month
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The random variable x is the number of houses sold by a realtor in a single month at the real-estate office. Its probability distribution is:
Houses sold (x)Probability P(x)
0 ...........0.09
1............0.24
2............0.21
3............0.17
4............0.03
5............0.15
6............0.09
7............0.02
a. Compute the mean of the random variable.
b. Compute the standard deviation of the random variable.
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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