Construct Probability Histograms
-Use the Frequency Distribution to (A) Construct $x$

question 118

Short Answer

Construct Probability Histograms
-Use the frequency distribution to (a) construct a probability distribution for the random variable $x$ which represents the number of cars per family in a town of 1000 families, and (b) graph the probability histogram.
$\begin{array}{c|c}\text { Cars } & \text { Families } \\\hline 0 & 125 \\1 & 428 \\2 & 256 \\3 & 108 \\4 & 83\end{array}$

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Definitions:

Security Analysis

The examination and evaluation of the various factors affecting the value of securities, such as stocks and bonds, to make investment decisions.

Professional Analysts

Professionals who conduct detailed examination and evaluation of various aspects in finance, economics, or other specialized fields.

C-corporations

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity, providing liability protection for the owners.

Real Assets

Physical or tangible assets that have intrinsic value, such as real estate, commodities, and natural resources.