Calculate the Expected Value of X for the Given Probability $$\begin{array} { c c c c c c c } x & - 20 & - 10 & 0 & 10 & 20 & 30 \\P ( X = x ) & 0.1 & 0.2 & 0.3 & 0.1 & 0.1 & 0.2\end{array}$$

question 18

Short Answer

Calculate the expected value of X for the given probability distribution: $$\begin{array} { c c c c c c c } x & - 20 & - 10 & 0 & 10 & 20 & 30 \\P ( X = x ) & 0.1 & 0.2 & 0.3 & 0.1 & 0.1 & 0.2\end{array}$$ ​ $$E ( X ) =$$ __________

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Definitions:

Variable Selling Expenses

Costs that fluctuate in direct proportion to changes in sales volume, such as commissions and shipping charges.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive personnel, accounting, and human resources.

Cash Disbursements

Represents the money flowing out of a company to cover expenses, including payments to suppliers and employees.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders, calculated before the year begins based on estimated costs and activity levels.