Provide an Appropriate Response

question 27

Multiple Choice

Provide an appropriate response.
-The probability distribution for the random variable X is: What is the expected value of X?

• A)0.62
• B)0.50
• C)0.22
• D)0.26

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Definitions:

Promoter

A promoter is an individual or company involved in founding or organizing a business or enterprise, typically responsible for raising capital, arranging for necessary legal documents, and setting up operations.

Personally Liable

The legal responsibility of an individual to satisfy debts or obligations from their own assets.

Preincorporation Subscription

An agreement by an investor to purchase stock in a corporation, made before the corporation is legally formed.

Post Incorporation Subscription

Agreements to purchase stock in a company made after the company has been incorporated.