The regular price of a burger meal at a certain restaurant is $8.70. It is on sale for a 20% discount. What is the sale price of
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Answer:
μ ≈ 2.33
σ ≈ 1.25
Step-by-step explanation:
Each person has equal probability of ⅓.
The mean is the expected value:
μ = E(X) = ∑ X P(X)
μ = (1) (⅓) + (2) (⅓) + (4) (⅓)
μ = ⁷/₃
The standard deviation is:
σ² = ∑ (X−μ)² P(X)
σ² = (1 − ⁷/₃)² (⅓) + (2 − ⁷/₃)² (⅓) + (4 − ⁷/₃)² (⅓)
σ² = ¹⁴/₉
σ ≈ 1.25