(e) Determine the mean and standard deviation number of credit cards from the probability distribution found in part (c).The mean is | credit cards.(Type an integer or a decimal. Do not round.) (c) Determine a probability distribution for the random variable, X, the number of credit cards issued to an individual.x (# of cards) P(x) x (# of cards) P(x)0.140.010.3170.0330.3080.0240.1090.020.06100.01(Type integers or decimals. Do not round.)

Given that ; By using the part (c) probability and x values We find mean and standard deviation…

Answered: (e) Determine the mean and standard…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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(e) Determine the mean and standard deviation number of credit cards from the probability distribution found in part (c). The mean is credit cards. (Type an integer or a decimal. Do not round.)