Please show working. The number of homes sold by a realtor during a month has the...

Question

Question

The number of homes sold by a realtor during a month has the following probability distribution Number Sold 0 Probability 020 Please show working.

Answer 1

Answer #1

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The expected number of homes sold by the realtor during the month

= probability weighted value of number of sold

= .2*0 + .4*1+.4*2

= 1.2

Answer is 1.2

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Answer 2

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