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Mathematics, 18.04.2020 01:24 caro11377oxq5d0

Assume we choose an American household at random and let the random variable X be the number of cars (including SUVs and light trucks) they own. Here is the probability model if we ignore the few households that own more than five cars. Cars (X) 0 1 2 3 4 5 P(X) 0.09 0.36 0.35 0.13 0.05 0.02 Suppose the cost of gas plummets and the price of cars drastically drops, so that every household purchases an additional 3 cars, so that now the values of X are 3, 4, 5, 6, 7, 8 with the corresponding probabilities remaining the same. What happens to the mean (expected) number of cars owned? a. it will increase by 3 b. it will increase by a factor of 9 c. it will increase by a factor of 3 d. it will not change

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Assume we choose an American household at random and let the random variable X be the number of cars...
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