Daily revenue from vending machines placed in various buildings of a major university is as follows: 20,
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Daily revenue from vending machines placed in various buildings of a major university is as follows:
20, 75, 43, 62, 51, 52, 78, 33, 28, 39, 61, 56, 43, 49, 48, 49,
71, 53, 57, 46, 42, 41, 63, 36, 51, 59, 40, 32, 37, 29, 26
(a) Construct a frequency distribution table with a cell size of 12 starting with 19.5 (i.e., first cell is 19.5–31.5, next is 31.5–43.5, etc.).
(b) Determine the probability distribution.
(c) What is the probability of revenue from a machine being less than $44?
(d) What is the probability that revenue from a machine will equal or exceed $44?
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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