278The Practice of Statistics, 4/e- Chapter 6© 2011 BFW PublishersPart 2:Free ResponseShow all your work.Indicate clearly the methods you use, because you will be graded on thecorrectness of your methods as well as on the accuracy and completeness of your results andexplanations.10.A company that rents DVDs from vending machines in grocery stores has developed thefollowing probability distribution for the random variableX= the number of DVDs acustomer rents per visit to a machine.(a)Find and interpret the mean (expected value) ofX(b) Find and interpret the standard deviation ofX(c)Suppose the profit the company makes on each customer visit is $0.75 per DVD minus$0.05 “fixed costs.”That is, ifP= profit, then0.750.05.PXµUse a lineartransformation of your results in (a) and (b) to find the mean and standard deviation forP.X12P(X)0.50.30.1..340.1