The Solution:
Given:
Required:
Find the standard deviation of the probability distribution.
Step 1:
Find the expected value of the probability distribution.
Step 2:
Find the standard deviation.
Thus, the standard deviation is 1.60
Answer:
1.60
Answer:
The mode is the least used of the measures of central tendency
Step-by-step explanation:
Answer:
Hence the probability that she paid cash is 0.105
Step-by-step explanation:
P(cash) = 0.3
P(credit card ) = 0.3
P(debit card ) = 0.4
P ( more than $50 | cash ) = 0.2
P (more than $50 | credit card ) =0.9
P (more than $ 50 |debit card ) = 0.6
P ( more than $50) = P ( more than $50 | cash )* P (cash) + P (more than $50 credit card ) * P(credit card ) + P (more than $ 50 |debit card )* P(debit card )
= 0.2 * 0.3 + 0.9 * 0.3 + 0.6* 0.4
= 0.57
P ( more than $50) = P ( more than $50 | cash )* P (cash) / P ( more than $50)
= 0.2* 0.3 / 0.57
= 0.105
