A Discrete Random Variable X Can Assume Five Possible Values

question 52

Short Answer

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

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Definitions:

Financial Goals

Objectives or targets set by an individual or organization regarding the management and allocation of finances.

Sustainable Growth

The peak growth rate a business can achieve for its revenue, profits, and dividends without escalating its debt or raising more equity capital.

Profit Margin

An indicator of a company's financial health, calculated as net income divided by revenue, and expressed as a percentage.

Sales Increase

The rise in the volume or value of sales of goods and services over a specific period.