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Question

DELETED DELETED illin the box markedx" so that this table will form a valid probability distribution 12 P(x) 200 0.06 300 0.52 500 0.13 400 13 Use as many columns as you need. Find the mean of this DPD 108 20 300 40 0.295 0.19 0.41 0.105 Round to 2 decimal places LAZY BOY Recliner Co. reports that 1.8% of their customers do not read the instruction manual. IF 8,000 LAZY BOY customers are asked if they do read the manual, what is the average number of customers who do not read the manual? Hint-is it binomial? Round to 2 decimal places A raffle is held with the following prizes: $ 1,000 $400 and $89 3,000 tickets are sold at $ 4.00 each. You buy one ticket. Find the 5 PTS 15 expected value of this raffle Round to 2 decimal places

Explanation / Answer

Solution:-

12. x = 1 - (0.06+0.52+0.13) = 0.29

13. mean = ?x*p(x) = (108*0.295) + (20*0.19) + (300*0.41) + (40*0.105) = 162.86

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