Suppose a household is chosen at random and the random variable is the number of cars they own. The probability distribution of is as follows:What is the expected value of x, the average number of televisions per household?

a.2
b.2.5
c.0.25
d.1.95


correct:d.1.95

Business

You might also like to view...

People tire of listening to someone who is upbeat and positive

Indicate whether the statement is true or false

Business

Nonverbal communication includes gestures, facial expressions, and body movements or positions

Indicate whether the statement is true or false

Business

The following data have been provided by Lopus Corporation: Budgeted production 2,600unitsStandard machine-hours per unit 2.7machine-hoursStandard lubricants$4.20per machine-hourStandard supplies$2.90per machine-hour    Actual production 2,900unitsActual machine-hours 8,080machine-hoursActual lubricants (total)$35,151 Actual supplies (total)$23,038 ?Required: ?Compute the variable overhead rate variances for lubricants and for supplies. Indicate whether each of the variances is favorable (F) or unfavorable (U).

What will be an ideal response?

Business

_____ data is market research data that is collected, packaged, and sold to many different firms.

A. Noncommercial B. Open source C. Syndicated D. Standardized E. Government

Business