The following table presents the probability distribution of the number of vacations X taken last year for a randomly chosen family. Compute the mean .0 1P(x) 0.15 0.61 0.112 3 40.1 0.030.871.250.931.4

From the provided information, The table is as follow: x 0 1 2 3 4 P(x) 0.15 0.61 0.11 0.1 0.03

Answered: The following table presents the…

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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An insurance company will insure a $75,000 automobile for its full value against theft by apolicy with a premium of $1,500 per year. Suppose that the probability that the automobile willbe stolen is 0.0075.a. Construct the probability distribution.b. Calculate the insurance company's expected net profit for this policy.
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The following table presents the probability distribution of the number of vacations X taken last year for a randomly chosen family. Compute the mean . 2 3 4 0.03 0.11 0.1 0 1 POO 0.15 0.61 0.87 1.25 0.93