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    Statistics for Business and Economics Study Set 1
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    Exam 5: Discrete Probability Distributions
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    The Number of Bad Checks Received Per Day by a Store
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The Number of Bad Checks Received Per Day by a Store

Question 44

Question 44

Essay

The number of bad checks received per day by a store and the respective probabilities are shown below.
The number of bad checks received per day by a store and the respective probabilities are shown below.     a.What is the expected number of bad checks received per day? b.Determine the variance in the number of bad checks received per day. c.What is the standard deviation?
a.What is the expected number of bad checks received per day?
b.Determine the variance in the number of bad checks received per day.
c.What is the standard deviation?

Correct Answer:

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a.3.66
b.2...

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