If the table below represents a probability model based on observed frequencies, what is the value of x ?
1
P
0.23
H
0
N
L
P
0.14
0.34
0.16
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To find the value of x, we need to sum up all the probabilities in the table and set it equal to 1 (since the sum of all probabilities in a probability model should always equal 1).
0.23 + x + 0 + 0 + 0.14 + 0.34 + 0.16 = 1
Adding up all the probabilities:
0.23 + x + 0.14 + 0.34 + 0.16 = 1
0.87 + x = 1
x = 1 - 0.87
x = 0.13
Therefore, the value of x is 0.13.