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Borachio works in an automotive tire factory. The number x of sound but blemished tires that are he produces on a random day has the probability distribution
x 2 3 4 5
p(x) 0.48 0.36 0.12 0.04
a) Find the probability that Borachio will produce more than three blemished tires tomorrow.
b) Find the probability that Borachio will produce at most two blemished tires tomorrow.
c) Compute the mean and standard deviation of x.
Replicate the above result with Fisher's equation, based on the nominal rate of return and the inflation rate.
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Develop a frequency table for a discrete variable. Show both the relative frequencies and cumulative relative frequencies. What would the probability distribution be for this discrete variable.
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