The Probability That Pete Will Catch Fish When He Goes

question 12

Multiple Choice

The probability that Pete will catch fish when he goes fishing is .8.Pete is going to fish 3 days next week.Define the random variable x to be the number of days Pete catches fish.The expected number of days Pete will catch fish is

• A) .6
• B) .8
• C) 2.4
• D) 3

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Definitions:

Dividends in Arrears

Unpaid dividends on cumulative preferred stock, which must be paid out before any dividends can be issued to common stockholders.

Cumulative Preferred Stock

A type of preferred stock where missed dividend payments are accumulated and must be paid before any dividends can be issued on other stock classes.

Liability

A financial obligation or debt owed by a company to another entity, to be settled through the transfer of assets or services.

Date of Declaration

The date on which a company announces its intention to pay a dividend or issue a corporate action to its shareholders.