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-Dominant- [34]
3 years ago
11

Let X represent the number of homes a real estate agent sells during a given month. Based on previous sales​ records, she estima

tes that Upper P (0 )equals 0.60​, Upper P (1 )equals 0.23​, Upper P (2 )equals 0.11​, Upper P (3 )equals 0.04​, Upper P (4 )equals 0.02​, with negligible probability for higher values of x. a. Explain why it does not make sense to compute the mean of this probability distribution as (0 plus 1 plus 2 plus 3 plus 4 )divided by 5 equals 2.0. b. Find the correct mean and interpret.

Mathematics
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

The mean is 0.65

Step-by-step explanation:

See the attachment for step by step solution and interpretation.

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Answer:

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Step-by-step explanation:

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Computing this by hand doing the initial balance separately from the weekly deposits, I get a total of $46,252.10 using 782 weekly deposits. For that purpose, I tried to figure an equivalent weekly interest rate given monthly compounding and the fact there are 52 5/28 weeks in a year on average.

I suspect the only way to get this to the cent would be to build a spreadsheet with payment dates and interest computation/payment dates. Some months, there would be 5 deposits between interest computations; some years there would be 53 deposits.

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3 years ago
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Algebra II Help??? Subtracting Fractions<br><br> (2x)/(y^2-x^2) - (x)/(y-x)
denis23 [38]
Make bottom number same

ok, so remember
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3 years ago
Read 2 more answers
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