If The probabilities that a customer selects 1, 2, 3, 4, and 5 items at a convenience store are 0.32, 0.12, 0.23, 0.18, and 0.15, respectively,
a) construct a probability distribution for the data and draw a graph for the distribution
b) Find the mean and standard deviation for the probability distribution
c) What is the probability that a customer will select 3 or more items at a convenience store?
a)below is probability distribution for the number of items selected by customer
x | P(X=x) |
1 | 0.320 |
2 | 0.120 |
3 | 0.230 |
4 | 0.180 |
5 | 0.150 |
b)
mean E(X) =ΣxP(x) =1*0.32+2*0.12+3*0.23+4*0.18+5*0.15 =2.72
E(X2)=Σx2P(x) =1^2*0.32+2^2*0.12+3^2*0.23+4^2*0.18+5^2*0.15 =9.50
standard deviation =sqrt(E(X2)-(E(X))2) =sqrt(9.5-2.72^2)=1.450
c)probability that a customer will select 3 or more items at a convenience store
=P(X>=3) =P(X=3)+P(X=4)+P(X=5)=0.23+0.18+0.15 = 0.56
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