Refer to Problem 24. a. Obtain a table of probabilities for the random variable X, stopping when

Question:

Refer to Problem 24.

a. Obtain a table of probabilities for the random variable X, stopping when the probabilities become zero to three decimal places.

b. Use part (a) to construct a partial probability histogram for X.

c. Identify the shape of the probability distribution of X. Is this shape typical of Poisson distributions?

d. Find and interpret the mean of the random variable X.

e. Find the standard deviation of the random variable 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...