Answer Happy

The random variable X is the number of color television sets owned by a randomly selected household with an annual income between $15,000 and $29,999. Its probability distribution is shown below. Complete parts a through c. ਰ X P(X = x) 0 0.305 + 1 1 0.178 2 0.277 7 3 0.119 4 0.121 a. Find and interpret the mean of the random variable. Hy = (Round to three decimal place as needed.) Interpret the mean. Choose the correct answer below. O A. The observed value of the random variable will be less than the mean of the random variable in most observations. B. As the number of observations, n, increases, the mean of the observations will approach the mean of the random variable. C. The observed value of the random variable will be equal to the mean of the random variable in most observations. D. As the number of observations, n, decreases, the mean of the observations will approach the mean of the random variable. b. Obtain the standard deviation of the random variable. Ox (Round to three decimal place as needed.)