# Question: Below is a table showing the probability distribution for the

Below is a table showing the probability distribution for the random variable “number of stocks doubling in value” described in Exercise 5.

Number of Stocks Doubling Probability

X P(x)

0................ .0640

1................. 2880

2................. 4320

3................. 160

a. Graph the distribution.

b. Compute the mean (expected value), the variance and the standard deviation for the random variable.

Number of Stocks Doubling Probability

X P(x)

0................ .0640

1................. 2880

2................. 4320

3................. 160

a. Graph the distribution.

b. Compute the mean (expected value), the variance and the standard deviation for the random variable.

**View Solution:**## Answer to relevant Questions

You have a deck of 10 cards colored on one side—7 red and 3 blue. You plan to blindly select three cards, shuffling the deck after each selection. With the help of a probability tree, produce the full probability ...In a given year, approximately 1% of all flights scheduled to depart from US airports are canceled. You select 10 flights at random. Use the binomial probability function to compute the probability that a. None of the fights ...According to a study done by researchers at Georgetown University, recent college graduates who majored in architecture have the highest unemployment rate, at 13.9%. Arts majors are next, with an 11.1% unemployment rate for ...Marine researchers in the UK recently conducted a study of oil spills from oil tankers that run aground. Using historical data, the study reported that if a tanker goes aground, there is a 30% chance that it will spill oil. ...Graph the binomial distribution for the following cases: a. n = 3, p = .65 b. n = 2, p = .3Post your question