Census data are often used to obtain probability distributions for various random variables. Census data for families

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Census data are often used to obtain probability distributions for various random variables. Census data for families in a particular state with a combined income of $50,000 or more show that 20% of these families have no children, 30% have one child, 40% have two children, and 10% have three children. From this information, construct the probability distribution for x, where x represents the number of children per family for this income group.
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...
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Elementary Statistics

ISBN: 9780538733502

11th Edition

Authors: Robert R. Johnson, Patricia J. Kuby

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