A bank keeps tracks of customers coming into the bank between 12 Noon and1 PM on Monday. The probabi
Question: A bank keeps tracks of customers coming into the bank between 12 Noon and1 PM on Monday. The probability distribution for customer arrivals can be represented by the following table:
X (number of customers) p(x), probability of x
0 0.1
1 0.15
2 0.18
3 0.2
4 0.2
5 0.1
6 0.07
What is the average number of customers coming into the bank on a Monday between 12 Noon and 1 PM?
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Solution: The answer consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
