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Find the Mean of the Given Probability Distribution A) μ=3.40\mu = 3.40

question 90

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Find the mean of the given probability distribution.
-The random variable x is the number of houses sold by a realtor in a single month at the Sendsom's Real Estate office. Its probability distribution is as follows.

 Houses Sold (x)  Probability P(x) 00.2410.0120.1230.1640.0150.1460.1170.21\begin{array}{c|c}\text { Houses Sold }(\mathrm{x}) & \text { Probability } \mathrm{P}(\mathrm{x}) \\\hline 0 & 0.24 \\1 & 0.01 \\2 & 0.12 \\3 & 0.16 \\4 & 0.01 \\5 & 0.14 \\6 & 0.11 \\7 & 0.21\end{array}


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Black Box

A system or object whose internal workings or operation are not revealed or understood but only its inputs and outputs are observable.

Stimulus-Response Model

A theoretical framework in psychology that explains how individuals respond to external stimuli.

Consumer Behavior

The study of how individuals or groups select, purchase, use, and dispose of goods, services, ideas, or experiences.

Target Markets

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