Determine Whether the Following Is a Probability Distribution

question 164

Short Answer

Determine whether the following is a probability distribution. If not, identify the requirement that is not
satisfied. $$\begin{array} { | c | c | } \hline x & P ( x ) \\\hline 0 & 0.1296 \\\hline 1 & 0.3456 \\\hline 2 & 0.3456 \\\hline 3 & 0.1536 \\\hline 4 & 0.0256 \\\hline\end{array}$$

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Definitions:

Interest Rates

The cost of borrowing money, typically expressed as a percentage, which influences economic activity by encouraging or discouraging spending and investment.

Government Securities

financial instruments issued by the government to finance its fiscal deficits, including bonds, bills, and notes, which are considered safe investments.

Federal Reserve Board

This is the governing body of the Federal Reserve System, responsible for overseeing the United States' central banking system and setting monetary policy.

Members Appointed

Members appointed refer to individuals who are placed in a position or role within an organization or board by selection rather than election.