A random variable Z has probability distribution given by where c is a constant Determine (a) The value of c (b) Pr(X (c) E(X) (d) Var(X) x 1 2 3, 4, 5 Pr(X x) 1c(6 x), 0, otherwise,...

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A random variable Z has probability distribution given by where c is a constant. Determine (a) The

Question:

A random variable Z has probability given by

where c is a constant. Determine
(a) The value of c.
(b) Pr(X (c) E(X).
(d) Var(X).

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...