Answer:
(a) Yes, the probability distribution is valid
(b) The probability of MCC will obtain more than 30 new clients = .75
(c) The probability of MCC will obtain fewer than 20 new clients = .05
(d) - (1) Expected value = 43
(2) Variance of x = 201
Step-by-step explanation:
Given
[tex]\begin{tabular}{ x |f(x)|} x & f(x) & \\ 10 & .05& \\ 20 & .10 & \\ 30 & .10 & \\ 40 & .20 & \\ 50 & .35 & \\ 60 & ..20 & \\\end{tabular}\end{document}[/tex]
(a) For validity of probability distribution, sum of probability equal to be 1
[tex]\therefore \sum f(x) = 1[/tex]
[tex]\sum f(x) = .05+.10+.10+.20+.35+.20 = 1[/tex]
Yes, the probability distribution is valid
(b) The probability of MCC will obtain more than 30 new clients
[tex]= P(X> 30)[/tex]
[tex]= P(X=40) +P(X=50)+P(X=60)[/tex]
= .20+.35+.20 = .75
(C) The probability of MCC will obtain fewer than 20 new clients
[tex]= P(X< 20)= P(X=10) = .05[/tex]
(d ) - (1) Expected value
[tex]E(x)= \sum x f(x) = 10\times0.05+20\times0.1+30\times0.1+40\times0.2+50\times0.35+60\times0.2= 0.5+2+3+8+17.5+12=43[/tex]
(2) Variance of x
[tex]= E(X^2)-{E(x)}^2 E(X^2) = \sum x^2f(x) = 10^2\times.05 + 20^2\times.10 + 30^2\times.10+ 40^2\times.20+ 50^2\times.35 + 60^2\times.20 = 2050[/tex]
[tex]= E(X^2)-{E(x)}^2 = 2050 - 43^2 = 201[/tex]