Construct Probability Histograms
-Calculate the Mean for the Discrete Probability $$\begin{array} { l | c c c c } \mathrm { x } & 2 & 7 & 11 & 12 \\\hline \mathrm { P } ( \mathrm { x } ) & .2 & .3 & .3 & .2\end{array}$$

question 146

Short Answer

Construct Probability Histograms
-Calculate the mean for the discrete probability distribution shown here.
$$\begin{array} { l | c c c c } \mathrm { x } & 2 & 7 & 11 & 12 \\\hline \mathrm { P } ( \mathrm { x } ) & .2 & .3 & .3 & .2\end{array}$$

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Definitions:

Conditional Order

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Negotiable Instrument

A financial document, such as a check or promissory note, that contains a promise to pay a specific amount of money to the bearer or assignee, which can be transferred by endorsement or delivery.

Promissory Note

A financial instrument containing a written promise by one party to pay a certain sum of money to another party under specified conditions.

Revolving Line of Credit

A flexible loan arrangement which allows a borrower to use, repay, and re-borrow funds up to a certain credit limit.