Find the mean of the probability distribution you constructed in Try It Yourself 2. What can you

Question:

Find the mean of the probability distribution you constructed in Try It Yourself 2. What can you conclude?

a. Find the product of each random outcome and its corresponding probability.

b. Find the sum of the products.

c. Interpret the results.

Frequency Distribution

Sales per day, x Number of days, f

0 ………………………………... 16

1 ………………………………... 19

2 ………………………………... 15

3 ………………………………... 21

4 ………………………………... 9

5 ………………………………... 10

6 ………………………………... 8

7 ………………………………... 2

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...