A credit card company tracks how long it takes for new account holders to activate their credit cards after receiving them. If \( X \) represents the number of weeks it takes a new card owner to activate their credit card after receiving it, the data collected is summarized in the probability distribution below.| \( X \) | 5 | 6 | 7 | 8 | 9 ||---------|-----|-----|-----|-----|-----|| \( P(X) \) | \( \frac{35}{96} \) | \( \frac{1}{4} \) | \( \frac{1}{8} \) | \( \frac{7}{48} \) | \( \frac{11}{96} \) |On average, how many weeks can the credit card company expect it to take for a new card owner to activate their credit card? (Your answer should not be rounded.) \[ \text{weeks} \] (input box)

Given data is X P(X) 5 3596 6 14 7 18 8 748 9 1196

Answered: A credit card company tracks how long…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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