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Shopping Outlet a Shopping Outlet Estimates the Probability Distribution of the of the Number

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Shopping Outlet
A shopping outlet estimates the probability distribution of the number of stores shoppers actually enter as shown in the table below.  Shopping Outlet  A shopping outlet estimates the probability distribution of the number of stores shoppers actually enter as shown in the table below.   ​ ​ -{Shopping Outlet Narrative} Calculate the expected value of Y directly from the probability distribution of Y. ​ ​
-{Shopping Outlet Narrative} Calculate the expected value of Y directly from the probability distribution of Y.


Definitions:

Sample Mean

The average value of a sample set of numbers, calculated by summing all observations and dividing by the number of observations.

Standard Deviation

A metric that quantifies the range of diversity or distribution of a series of values.

P-value

The probability of test results being at least as extreme as the observed outcomes, under the belief that the null hypothesis is factual.

Battery Pack

A collection of battery cells or batteries grouped together in a single casing, supplying electric power to a device.

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