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Question
The probability function for the number of insurance policies John will sell to a customer is given byf(x) = .5 -(x/6) for x= 0, 1, or 2
a. Is this a valid probability function? Explain your answer.
b. What is the probability that John will sell exactly 2 policies to a customer?
c. What is the probability that John will sell at least 2 policies to a customer?
d. What is the expected number of policies John will sell?
e. What is the variance of the number of policies John will sell?
Answer
This answer is hidden. It contains 51 characters.
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