The Random Variable X Is Known to Be Uniformly Distributed

question 20

Multiple Choice

The random variable X is known to be uniformly distributed between 2 and 12. Compute the standard deviation of X.

• A)2.887
• B)3.464
• C)8.333
• D)12

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Definitions:

Estimated

A calculated approximation or judgement made without complete information, often used in planning or forecasting.

Temporary Account

A temporary account is used to track transactions during an accounting period, which is then transferred to a permanent account at the period's end, such as revenue and expense accounts.

Bad Debts Expense

Represents the amount of receivables a company does not expect to collect and is recorded as an expense.

Merchandise Inventory

The goods a company holds for the purpose of sale to customers in the normal course of business.