The Random Variable X Is the Number of Houses Sold

question 201

Multiple Choice

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

• A) \(\mu = 3.50\)
• B) \(\mu = 3.35\)
• C) \(\mu = 3.40\)
• D) \(\mu = 3.60\)

---

Definitions:

Interest Arbitrator

An impartial third party who resolves disputes between labor unions and employers by making binding decisions.

Grievance Disputes

Conflicts arising from alleged violations of workplace agreements or contracts, often resolved through negotiated procedures.

Strike Rights

The legal rights granted to workers to cease work in order to protest against working conditions, policies, or other labor disputes without fear of retaliation.

Binding Arbitration Clause

A contractual agreement to submit disputes to an impartial third party for a decision that is final and enforceable, often used in labor agreements.