Determine Whether the Following Is a Probability Distribution

question 151

Essay

Determine whether the following is a probability distribution. If not, identify the requirement that is not satisfied.
- $$\begin{array} { c | c } \mathrm { x } & \mathrm { P } ( \mathrm { x } ) \\\hline 0 & 0.246 \\1 & 0.148 \\2 & 0.213 \\3 & 0.167 \\4 & 0.247 \\5 & 0.142\end{array}$$

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Definitions:

Prices Increase

A situation where the general level of prices for goods and services rises, often measured by the inflation rate.

CPI

A calculation tool, the Consumer Price Index, measures the mean prices of a selected basket of consumer services and goods including food, transportation, and medical services via their weighted average.

Prices Increase

A rise in the general level of prices for goods and services in an economy over a period of time, often indicating inflation.

Unemployment Rate

The portion within the labor force actively seeking work yet remains unemployed.