The Following Table Presents the Probability Distribution of the Number $\sigma _ { x }$

question 35

Multiple Choice

The following table presents the probability distribution of the number of vacations X taken last year for a randomly chosen family. Compute the standard deviation $\sigma _ { x }$

$\begin{array} { c | c c c c c } x & 0 & 1 & 2 & 3 & 4 \\\hline P ( x ) & 0.11 & 0.69 & 0.13 & 0.05 & 0.02\end{array}$

• A) 1.18
• B) 1.29
• C) 0.59
• D) 0.77

Understand the influence of nativist movements, like the Know-Nothing Party, on American politics in the 19th century.

Comprehend the core tenets and implications of Republican free labor ideology and its contrast with pro-slavery arguments.

Recognize key events that heightened sectional tensions, such as the caning of Charles Sumner and the Dred Scott decision.

Identify the significance and outcomes of major political and legal decisions, including those related to slavery and citizenship.

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Definitions:

Price-Taking Assumption

The assumption that individual firms or consumers do not have the power to influence market prices due to their small size relative to the market.

Free Entry Assumption

The free entry assumption posits that in a competitive market, new firms are free to enter the market and compete without facing significant barriers.

Perfect Information

A scenario in which all participants have access to all relevant information for decision-making.

Price Changes

Alterations in the selling price of goods or services over time due to various factors like supply and demand, inflation, or production costs.