The Number of Bad Checks Received Per Day by a Store

question 23

Short Answer

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?

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Definitions:

Syllogistic Steps

The parts of a syllogism, which is a form of reasoning where a conclusion is drawn from two given or assumed propositions (premises).

Prejudged

Forming a judgment or opinion before having the evidence or facts to do so.

Friendship

A close and trusted relationship between two or more people, typically characterized by mutual affection and support.

Prejudged

To make a decision or form an opinion about something or someone in advance, without full examination or knowledge.