Number of Birds Alana and Eva Are Sisters.Let X Denote the Number

question 57

Essay

Number of Birds
Alana and Eva are sisters.Let X denote the number of birds that Alana may have in the next two years,and let Y denote the number of birds Eva may have during the same period.The marginal probability distributions of X and Y are shown below. ​ ​
-{Number of Birds Narrative} Verify that V(X + Y)= V(X)+ V(Y).Did you expect this result? Why?

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Definitions:

Retained Earnings

Profits that a company has kept or retained rather than distributing to shareholders as dividends.

Fair Value Method

An accounting approach that estimates the price of an asset or liability based on current market conditions.

Bonds

Long-term debt securities issued by corporations, municipalities, or governments that pay periodic interest payments to investors.

Fair Value

A measure of the estimated price at which an asset could be bought or sold or a liability settled, under current market conditions.