Determine Whether the Distribution Represents a Probability Distribution

question 70

Essay

Determine whether the distribution represents a probability distribution. If not, identify any requirements that
are not satisfied. $$\begin{array} { c | c } \mathrm { x } & \mathrm { P } ( \mathrm { x } ) \\\hline 3 & - 0.3 \\6 & 0.5 \\9 & 0.1 \\12 & 0.3 \\15 & 0.4\end{array}$$

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Definitions:

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.

Economic Perspective

The viewpoint from which economic analysts assess and interpret the workings of economic systems and the behavior of economic agents.

Foreign Competition

The competition that domestic companies face from products and services produced in other countries.

Adam Smith

A Scottish economist and philosopher known as the father of modern economics, famous for his work "The Wealth of Nations."