A salesperson has found that the probability of making various numbers of sales per day is...
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A salesperson has found that the probability of making various numbers of sales per day is presented below. Calculate the expected sales per day, variance, and the standard deviation of the number of sales. Round off the answer in 3 decimal places. Number of Sales, X 1 Probability, P(X) 2 3 4 5 6 7 8 0.04 0.15 0.20 0.25 0.19 0.10 0.05 0.02 A salesperson has found that the probability of making various numbers of sales per day is presented below. Calculate the expected sales per day, variance, and the standard deviation of the number of sales. Round off the answer in 3 decimal places. Number of Sales, X 1 Probability, P(X) 2 3 4 5 6 7 8 0.04 0.15 0.20 0.25 0.19 0.10 0.05 0.02
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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