Solve the Problem. -In a Certain Animal Species, the Probability That a Female

question 214

Multiple Choice

Solve the problem.
-In a certain animal species, the probability that a female will have 0, 1, 2, 3, or 4 offspring in a Given year is 0.31, 0.21, 0.19, 0.17, and 0.12 respectively. Find the expected number of offspring.

• A) 1.75
• B) 2
• C) 1.38
• D) 1.58

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Definitions:

Expected Return

The weighted average of all possible returns of an investment, considering all risks and the likelihood of each outcome.

Well-diversified Portfolio

An investment portfolio with a mix of assets designed to reduce exposure to risk by spreading investments across various sectors or asset classes.

Price of Money

Often refers to the interest rate, reflecting the cost of borrowing money or the return on savings, generally influenced by inflation, supply and demand for credit, and monetary policy.

Anticipated Inflation

Expected inflation, the general rise in prices forecasted by consumers, businesses, and investors, affecting economic decisions.