X Is a Random Variable with the Probability Function: F(X)

question 60

Multiple Choice

X is a random variable with the probability function: f(X) = X/6 for X = 1, 2 or 3
The expected value of X is

• A)0.333
• B)0.500
• C)2.000
• D)2.333

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Definitions:

Purpose

The reason for which something is done or created or for which something exists.

Creditor Beneficiary

A third party that benefits from a contract between two other parties, particularly when one party promises to pay a debt owed to the creditor beneficiary by the other party.

Legal Duty

An obligation imposed by law upon an individual or entity to act or refrain from acting in a certain manner.

Donee Beneficiary

A third party beneficiary to a contract who receives a benefit from the contract as a gift.