(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.) One question from a survey was "How many credit cards do you currently have?" The results of the survey are provided. Complete parts (a) through (g) below. Click the icon to view the survey results. (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) 1 0.14 6. 0.02 2 0.29 7 0.02 3 0.30 8 0.02 4 0.11 9. 0.02 5 0.07 10 0.01 (Type integers or decimals. Do not rounc (d) Draw a graph of the discrete probability distribution for the random variable X. Describe the shape of the distribution. Credit Card Survey Results D. 0.4- 0.4] 3 2 5 1 3 1 0.3- 0.3- 2 3 3 5 2 1 4 0.2- 0.2- 3 8. 3 2 4 5 2 2 2 2 2 7 4 2 2 0.1- 0.1- 0- 0 2 4 6 # of credit cards, x 5 9 4 1 3 3 3 4 2 0 2 4 6 # of credit cards, x 8 10 8 10 2 10 3 4 7 1 3 3 2 9. 2 3 2 3 2 1 4 3 3 2 4 1 1 4 3 1 1 6. 3 1 2 1 2 4 1 of Probability, P(x) m o N N - 45 -33 252 2 2은 323 1

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Topic Video
Question

Using the Table and the data found in part c please answer the question in part e. 

(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.)
Transcribed Image Text:(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.)
One question from a survey was "How many credit cards do you currently have?" The results of the survey are provided. Complete parts (a) through (g) below.
Click the icon to view the survey results.
(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)
1
0.14
6.
0.02
2
0.29
7
0.02
3
0.30
8
0.02
4
0.11
9.
0.02
5
0.07
10
0.01
(Type integers or decimals. Do not rounc
(d) Draw a graph of the discrete probability distribution for the random variable X. Describe the shape of the distribution.
Credit Card Survey Results
D.
0.4-
0.4]
3
2
5
1
3
1
0.3-
0.3-
2
3
3
5
2
1
4
0.2-
0.2-
3
8.
3
2
4
5
2
2
2
2
2
7
4
2
2
0.1-
0.1-
0-
0 2 4 6
# of credit cards, x
5
9
4
1
3
3
3
4
2
0 2 4 6
# of credit cards, x
8 10
8 10
2
10
3
4
7
1
3
3
2
9.
2
3
2
3
2
1
4
3
3
2
4
1
1
4
3
1
1
6.
3
1
2
1
2
4
1
of
Probability, P(x)
m o N N - 45 -33
252 2 2은 323 1
Transcribed Image Text:One question from a survey was "How many credit cards do you currently have?" The results of the survey are provided. Complete parts (a) through (g) below. Click the icon to view the survey results. (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) 1 0.14 6. 0.02 2 0.29 7 0.02 3 0.30 8 0.02 4 0.11 9. 0.02 5 0.07 10 0.01 (Type integers or decimals. Do not rounc (d) Draw a graph of the discrete probability distribution for the random variable X. Describe the shape of the distribution. Credit Card Survey Results D. 0.4- 0.4] 3 2 5 1 3 1 0.3- 0.3- 2 3 3 5 2 1 4 0.2- 0.2- 3 8. 3 2 4 5 2 2 2 2 2 7 4 2 2 0.1- 0.1- 0- 0 2 4 6 # of credit cards, x 5 9 4 1 3 3 3 4 2 0 2 4 6 # of credit cards, x 8 10 8 10 2 10 3 4 7 1 3 3 2 9. 2 3 2 3 2 1 4 3 3 2 4 1 1 4 3 1 1 6. 3 1 2 1 2 4 1 of Probability, P(x) m o N N - 45 -33 252 2 2은 323 1
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Centre, Spread, and Shape of a Distribution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman