The Probability Distribution of X Is What Is the Variance

question 100

Multiple Choice

The probability distribution of X is What is the variance of X?

• A) 1.0
• B) 5.0
• C) 2.25
• D) 2.24

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Definitions:

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain in an economic activity.

Accountant

A professional who is responsible for keeping and interpreting financial records, ensuring accuracy and compliance with laws.

Economist

A professional who studies the production, distribution, and consumption of goods and services, focusing on economic theories and practices.