The Following Table Presents the Probability Distribution of the Number $\mu$

question 53

Multiple Choice

The following table presents the probability distribution of the number of vacations taken last year for a randomly chosen family. Compute the mean $\mu$ .
$\begin{array}{c|ccccc}x & 0 & 1 & 2 & 3 & 4 \\\hline P(x) & 0.12 & 0.59 & 0.16 & 0.1 & 0.03\end{array}$

• A) 1.45
• B) 0.92
• C) 1.33
• D) 0.84

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life to represent the loss of value over time.