Suppose X Is a Random Variable Best Described by a Uniform

question 125

Multiple Choice

Suppose x is a random variable best described by a uniform probability distribution with c = 60 and d = 20. Find P(x ≥ 60) .

• A) 1
• B) 0
• C) 0.5
• D) 0.4

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Definitions:

Estimated Liabilities

Obligations that a company expects to settle in the future, the amount and/or timing of which are uncertain.

Unearned Revenues

Money received by a company for goods or services yet to be provided, recognized as a liability until the service or good is delivered.

Payroll Register

A Payroll Register is a document that summarizes all employee earnings, deductions, and net pay during a payroll period, serving as a detailed record of payroll activity.

Prior Year's Earnings

The net income or profit left over from the previous fiscal year after expenses, taxes, and dividends have been deducted.