a) The table below shows the probability distribution of the discrete random variable X. 2 3 4 6. 7 P(X=x) 2p 2p 3p i. Find the value of p from the table above. ii. Calculate the probability that at X is at least 5. 111. Calculate the mean of the distribution.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Question Two
a) The table below shows the probability distribution of the discrete random variable X.
2
3
4
5
7
P(X=x)
2p
2p
3p
i.
Find the value of p from the table above.
Calculate the probability that at X is at least 5.
Calculate the mean of the distribution.
ii.
111.
Transcribed Image Text:Question Two a) The table below shows the probability distribution of the discrete random variable X. 2 3 4 5 7 P(X=x) 2p 2p 3p i. Find the value of p from the table above. Calculate the probability that at X is at least 5. Calculate the mean of the distribution. ii. 111.
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