Find the Expected Value

question 196

Multiple Choice

Find the expected value.
-Find the expected number of girls in a family of 7.

• A)4
• B)3.25
• C)3
• D)3.5

---

Definitions:

Internal Rate

Typically refers to the internal rate of return (IRR), a discount rate that makes the net present value (NPV) of all cash flows from a project or investment equal to zero.

Annual Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business over a year.

Investment Costing

The process of determining the total costs associated with making an investment.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a specific product.