The Number of Electrons Delivered Daily to an Average American

question 95

Multiple Choice

The number of electrons delivered daily to an average American home by an average power utility in the mid 1980s was

• A) 220.
• B) zero.
• C) 110.
• D) billions of billions.
• E) none of these

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Definitions:

Expected Value

A statistical measure that calculates the average outcome of a random variable or process, factoring in all possible values and their probabilities.

Efficient Allocation

The distribution of resources in such a manner that it's impossible to improve anyone's condition without worsening someone else's.

Risk Diversified

The strategy of spreading investments across various assets to reduce exposure to risk in any single area.

Expected Income

The amount of income an individual anticipates or forecasts to receive over a certain period.