Recognizing Probability Distributions

• Yes, because all of the probabilities are between 0 and 1 inclusive and the sum of all the probabilities is 1.
• No, all probabilities are not be between 0 and 1 inclusive
• No, the sum of all the probabilities is not 1.
• Yes, because the distribution is symmetric

• Discrete
• Continuous

• Discrete
• Continuous

• Discrete
• Continuous

• Discrete
• Continuous

A marketing survey compiled data on the number of cars in households.  If X = the number of cars in a randomly selected household, and we omit the rare cases of more than 5 cars, then X has the following probability distribution: 
X           0          1          2          3           4           5    
P(X)   0.24    0.37    0.20    0.11    0.05     0.03
What is the probability that a randomly chosen household has at least two cars?

• 0.20

• 0.29

• 0.39

• 0.61

The table represents the probability of guessing correct on a 5 question true-false quiz.  Find the probability for at least 4 questions correct.

• .03125

• .15625

• .3125

• .1875

A stockbroker estimates that at the end of the year, there is a 40% chance a stock will be worth $50, a 35% chance it will be worth $60 and a 25% chance it will be worth $70.
What expected value does this broker assign to this stock's end-of-the-year price?

• $58.50

• $60.00

• $62.50

• $65.00

Eva flips a coin. If she gets heads, she wins $4. If she gets tails, she loses $3. What is her expected value of a coin flip?

• $1

• $0.50

• -$0.50

• $0

In a certain community, 30% of households have 1 child, 43% have 2 children, and 27% have 3 children. If a household is selected at random, what is the expected number of children in that household? HINT: A Probability table may be helpful.

• 2.00

• 2.13

• 1.97

• 1.27