Question: Please answer the following questions: a) Can the table be represented as a probability distribution? Please explain and identify if it can be represented as
Please answer the following questions:
a) Can the table be represented as a probability distribution? Please explain and identify if it can be represented as a discrete or continuous distribution. Create a graph of this distribution in Excel.
b) Based on your answer to part a, what is the probability of a randomly selected family making a $20 contribution into their account?
c) What is the probability of a randomly selected household contributing a maximum of $15?
d) What is the probability of a randomly selected household contributing between $20 and $30?
e) What is the mean, variance and standard deviation of the contributions?
| Amount | Frequency |
| $1 | 4 |
| $5 | 8 |
| $8 | 3 |
| $10 | 24 |
| $12 | 1 |
| $15 | 11 |
| $16 | 2 |
| $17 | 1 |
| $20 | 24 |
| $25 | 22 |
| $30 | 6 |
| $40 | 5 |
| $50 | 17 |
| $60 | 3 |
| $75 | 1 |
| $100 | 8 |
| $150 | 3 |
| $200 | 2 |
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