Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
| The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is as follows. |
| x | f(x) |
| 0 | 0.001 |
| 1 | 0.007 |
| 2 | 0.034 |
| 3 | 0.099 |
| 4 | 0.188 |
| 5 | |
| 6 | 0.220 |
| 7 | 0.136 |
| 8 | 0.055 |
| 9 | 0.015 |
| 10 | 0.001 |
| 21 | The expected value of the number of automobiles sold is, | ||||
| a | 5.20 | ||||
| b | 5.31 | ||||
| c | 5.42 | ||||
| d | 5.53 |
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