Hugo plans to buy packs of baseball cards until he gets the card of his favorite player, but he only has enough money to buy at most 4 packs. Suppose that each pack has probability 0.2 of containing the card Hugo is hoping for. Let the random variable X be the number of packs of cards Hugo buys. Here is the probability distribution for X: Find the indicated probability. 1. P(X>2) 2. Probability of X being less than 3.

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.