A Market Research Team Compiled the Following Discrete Probability Distribution

question 20

Multiple Choice

A market research team compiled the following discrete probability distribution for families residing in Randolph County.In this distribution x represents the number of evenings the family dines outside their home during a week. The standard deviation of x is ___.

• A)1.00
• B)2.00
• C)0.80
• D)0.89
• E)1.09

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Definitions:

Advertised Alongside

The practice of placing one's advertisements near relevant content or products to attract a targeted audience.

Revamped Products

Products that have been significantly modified or improved for better performance, appeal, or to meet current market trends.

Product-line Extensions

Expanding a product line by adding variations to existing products to target new customer segments or address evolving market demands.

New-category Entries

Refer to products or services that are introduced into a market where no previous offerings exist, opening a new segment or category for competition and innovation.