subject
Mathematics, 08.04.2020 15:37 gdubak

Let X represent the number of homes a real estate agent sells during a given month. Based on previous sales records, she estimates that Upper P left parenthesis 0 right parenthesis equals 0.63, Upper P left parenthesis 1 right parenthesis equals 0.21, Upper P left parenthesis 2 right parenthesis equals 0.12, Upper P left parenthesis 3 right parenthesis equals 0.03, Upper P left parenthesis 4 right parenthesis equals 0.01, with negligible probability for higher values of x. a. Explain why it does not make sense to compute the mean of this probability distribution as left parenthesis 0 plus 1 plus 2 plus 3 plus 4 right parenthesis divided by 5 equals 2.0. b. Find the correct mean and interpret.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 20:00
Triangle knm is what is true about the sides of knm
Answers: 3
question
Mathematics, 21.06.2019 20:30
Cody was 165cm tall on the first day of school this year, which was 10% taller than he was on the first day of school last year.
Answers: 1
question
Mathematics, 21.06.2019 21:10
If f(x) = 6x – 4, what is f(x) when x = 8? a2 b16 c44 d52
Answers: 2
question
Mathematics, 21.06.2019 21:50
Which value of y will make the inequality y< -1 false?
Answers: 2
You know the right answer?
Let X represent the number of homes a real estate agent sells during a given month. Based on previou...
Questions
question
Mathematics, 17.09.2019 06:00
question
Social Studies, 17.09.2019 06:00
question
Mathematics, 17.09.2019 06:00
Questions on the website: 13722363