Cars
Suppose X = the Number of Cars Owned by a Family

question 177

Multiple Choice

Cars
Suppose X = the number of cars owned by a family in the U.S.The probability distribution of X is shown in the table below.
$\begin{array}{|l|c|c|c|c|}\hline X & 0 & 1 & 2 & 3 \\\hline \text { Probability } & 0.56 & 0.23 & 0.12 & 0.09 \\\hline\end{array}$
-{Cars Narrative} Suppose you choose two families at random.What is the chance that they each own one car? (That means family A owns a car and family B owns a car. )

• A) 0.23
• B) 0.23 + 0.23 = 0.46
• C) 0.23 + 0.23 - (0.23)*(0.23)= .4071
• D) (0.23)*(0.23)= 0.0529

Understand and apply the principles of adjusting entries in accounting.

Calculate expenses and revenues accurately based on provided data.

Prepare adjusting journal entries for various accounting scenarios.

Recognize the importance of adhering to the accrual basis of accounting.

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