Order the answer to: The management of a grocery store has kept a record

Academic Help business-corporate-finance Order the answer to: The management of a grocery store has kept a record

business-corporate-finance

Order the answer to: The management of a grocery store has kept a record

Question The management of a grocery store has kept a record of bad checks received per day for a period of 200 days. The data are shown below.
Number of Bad Checks Received__________ Number of Days
0………………………………………………………………8
1…………………………………………………………….12
2…………………………………………………………….20
3…………………………………………………………….60
4…………………………………………………………….40
5…………………………………………………………….30
6…………………………………………………………….20
7…………………………………………………………….10
a. Develop a probability distribution for the above data.
b. Is the probability distribution that you found in Part “a” a proper probability distribution? Explain.
c. Determine the cumulative probability distribution F(x).
d. What is the probability that in a given day the store receives four or less bad checks?
e. What is the probability that in a given day the store receives more than 3 bad checks?
Subject business-corporate-finance
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