What is the ideal number of children to have in a family? The following data represent the
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What is the ideal number of children to have in a family? The following data represent the ideal number of children for a random sample of 900 adult Americans.
(a) Construct a discrete probability distribution for the random variable X,
(b) Draw the probability histogram,
(c) Compute and interpret the mean of the random variable X, and
(d) Compute the standard deviation of the random variable X.
x (number of children) ..Frequency
0 ............. 10
1 ............. 30
2 .............520
3 .............250
4 ............. 70
5 ............. 17
6 ............. 3
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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