Provide an Appropriate Response

question 64

Essay

Provide an appropriate response.
-The random variable x represents the number of credit cards that students have along with the correspondingprobabilities. Graph the probability histogram. $$\begin{array} { c | l } \mathrm { x } & \mathrm { P } ( \mathrm { x } ) \\\hline 0 & 0.49 \\1 & 0.05 \\2 & 0.32 \\3 & 0.07 \\4 & 0.07\end{array}$$

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Definitions:

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event.

Business Combination

A merger or acquisition in which separate companies come together to form a single entity, often to enjoy strategic advantages or to expand their market reach.

Group Accounts

Financial statements that combine the accounts of a parent company with those of its subsidiaries, presenting the financial position and results of operation of the group as a single economic entity.

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event or set of circumstances.