00:01
We have a chart that shows us probability distribution for the number of cars sold in a day and its corresponding probability.
00:11
Apparently they never sell more than four.
00:13
In fact, our first question is define what's the probability that they sell for because we don't have that piece of information.
00:20
We have this is 0 .29, this is 0 .3, this is 0 .2, this is 0 .17, and we don't know this.
00:27
Well, when we sum up all these probabilities, they add up to .96.
00:32
So this probability, for x being equal to 4, we put that parenthesis in the right spot, has to be 0 .04.
00:41
So that's our first answer, because they have to sum up to 1 to be a probability distribution.
00:47
Then in part b, we want to know how likely is it that they sell fewer than 2? well, fewer than 2 does not include 2.
00:56
We need to add these two together and that adds up to 0 .59.
01:01
Part c, we want to find the expected value of x, which is also called the mean of x, and we want to take 0 times .29 plus 1 times 0 .3 plus all the way until we get to our 4 times 0 .04 and then add those together...