Question

The probability distribution function for the number of years it takes to complete a B.S. degree in Finance is given in the following table. Letx the number years required to complete the B.S. degree, and P(x)- the probability that student completes the degree in x years. P(x) x P(x) 0.05 0.15 4 0.1 0.1 fi 0.15 0.3 a. (396) Complete the table using the data provided. b. (396) The probability that a student completes the degree in five years- C. (396) The probability that a student completes the degree in less than five years- d. (396) what is the sum of the entries in the P(x) column? e. (396) On average, we would expect a student to complete the degree in years.

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