Consider the Given Discrete Probability Distribution $P ( x < 2 \text { or } x > 3 ) \text {. }$

question 222

Essay

Consider the given discrete probability distribution. Find $P ( x < 2 \text { or } x > 3 ) \text {. }$
$$\begin{array} { | c | c | c | c | c | c | } \hline x & 1 & 2 & 3 & 4 & 5 \\\hline p ( x ) & .1 & .2 & .2 & .3 & .2 \\\hline\end{array}$$

Understand the application and interpretation of descriptive statistics in real-world situations.

Calculate and interpret the mean, standard deviation, range, and variance of a data set.

Apply the empirical rule and Chebyshev’s theorem to describe data distributions.

Evaluate the risk and variability of investment options using measures of dispersion.

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