A variable y of a finite population has the following frequency distribution: Suppose a member is selected

Question:

A variable y of a finite population has the following frequency distribution:

Suppose a member is selected at random from the population and let Y denote the value of the variable y for the member obtained.
a. Determine the probability distribution of the random variable Y.
b. Use random-variable notation to describe the events that Y takes on the value 3, a value less than 3, and a value of at least 3.
c. Find P(Y = 3), P(Y

d. Construct a probability histogram for the random variable Y.

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...