Question

Recent research suggests that car ownership may have peaked. The following probability distribution table shows the...

Recent research suggests that car ownership may have peaked. The following probability distribution table shows the random variable, x, where x is number of cars owned by household:

X

P(x)

0

0.09

1

0.17

2

0.47

3

0.24

4

0.03





(a) Determine the mean of x (Round the answer to two decimal places). Show all work. Answers without supporting work will not receive credit.

(b) Determine the standard deviation of x. (Round the answer to two decimal places) Show all work. Answers without supporting work will not receive credit.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. The following table shows the probability distribution for the number of television sets per household...
1. The following table shows the probability distribution for the number of television sets per household surveyed. Complete the table below. For the first three columns, round to two decimal places. For the last column, round to four decimal places. (4 points) x f(x) (x)[f(x)] x– μ (x– μ)2 (x – μ)2f(x) 0 0.03 1 0.32 2 0.26 3 0.21 4 0.13 5 0.05       1.00 Compute the expected value [E(x)] of the number of television sets per household. (2 points)...
Assume that gas mileage for cars is normally distributed with a mean of 23.5 miles per...
Assume that gas mileage for cars is normally distributed with a mean of 23.5 miles per gallon and a standard deviation of 10 miles per gallon. Show all work. Just the answer, without supporting work, will receive no credit. (a) What is the probability that a randomly selected car gets between 15 and 30 miles per gallon? (Round the answer to 4 decimal places) (b) Find the 75th percentile of the gas mileage distribution. (Round the answer to 2 decimal...
4. Find the standard deviation of the following discrete probability distribution. Round off to two decimal...
4. Find the standard deviation of the following discrete probability distribution. Round off to two decimal places. x P(x) 0 0.1 1 0.85 2 0.9-a 5. A die is rolled 7 times. Success is getting a 6. Find the probability of getting three 6's. Round off to three decimal places. 6. A light bulb manufacturer finds that the lifespan of its products is normally distributed with a mean of 800 hours and a standard deviation of 50. Find the probability...
In a sample of 18 students at East High School the following number of days of...
In a sample of 18 students at East High School the following number of days of absences were recorded for the previous semester: 4, 3, 1, 0, 4, 2, 3, 0, 1, 2, 3, 0, 4, 1, 1, 5, 1, 1. Manually compute the mean, median, and range of this sample. Show work. (Round values to one decimal place) 10) The following data represent the bachelor degrees of some CEO's who work in the NYC area. Degree Number Accounting 19...
Answer the following questions keeping a minimum of 4 decimal places for intermediate calculations and round...
Answer the following questions keeping a minimum of 4 decimal places for intermediate calculations and round final answers to 2 decimal places.   You must show all your work to receive any marks According to the National Automobile Dealers Association, the mean price for used cars is $10, 192. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether there is evidence that the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT