A Discrete Random Variable X Can Assume Five Possible Values

question 22

Multiple Choice

A discrete random variable x can assume five possible values: 2, 3, 5, 8, 10. Its probability distribution is shown below. Find the probability that the random variable x is a value greater than 5. $$\begin{array} { c | c c c c c } \mathrm { x } & 2 & 3 & 5 & 8 & 10 \\\hline \mathrm { p } ( \mathrm { x } ) & 0.10 & 0.20 & 0.30 & 0.30 & 0.10\end{array}$$

• A) 0.40
• B) 0.70
• C) 0.30
• D) 0.60

Evaluate how changes in partnership composition affect capital balances and ownership interests.

Analyze the financial implications of asset revaluation in a partnership setting.

Calculate and interpret revenue per employee metrics in a business expansion context.

Record the accounting entries for the liquidation of a partnership, including handling of capital deficiencies.

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Definitions:

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Chain-style Business

A business model where multiple outlets are owned, franchised, or managed under a single brand or corporation.

Franchisor's Standards

Regulations and expectations set by the franchisor that the franchisee is required to follow to maintain the consistency and quality of the brand.

Franchise

A licensed privilege to operate a business under a larger company's brand and operational model, often including a specific geographic area.