Refer to the Following Table Showing the Probability Distribution of Payoffs

question 37

Multiple Choice

Refer to the following table showing the probability distribution of payoffs from an activity.
$$\begin{array} { c c c } \text { Units } & \text { Payaff } & \text { Prabability } \\\hline 1 & \$ 30 & 10 \% \\2 & 40 & 25 \% \\3 & 60 & 30 \% \\4 & 50 & 20 \% \\5 & 10 & 15 \%\end{array}$$
-What is the variance of the distribution?

• A) 136.4
• B) 278.8
• C) 18.6
• D) 346.4
• E) 162.3

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Directors

Directors are individuals elected by the shareholders of a corporation to oversee and direct the corporation's affairs and make significant business decisions.

Shareholder's Right

The entitlements and privileges, such as voting and profit sharing, accorded to individuals or entities owning shares in a corporation.

Dissent

The act of expressing or holding opinions that are at variance with those previously, commonly, or officially expressed.