Suppose the random variable x is the number of magazines subscribed to by a Canadian household. The

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Suppose the random variable x is the number of magazines subscribed to by a Canadian household. The probability distribution for x is shown in Exhibit 5.39 below.
0.38 0.27 0.06 0.03 P(x) 0.15 0.11

a. What is the probability that a Canadian household subscribes to three or more magazines?
b. What is the probability that a Canadian household subscribes to two or three magazines?
c. What is the expected number of magazine subscriptions in a Canadian household?
d. What is the standard deviation of the number of magazine subscriptions in a Canadian household?

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...
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