Provide an Appropriate Response

question 73

Multiple Choice

Provide an appropriate response.
-A die is rolled repeatedly until a six appears. The random variable X represents the total number of rolls preceding the six. What are the possible values of the random variable X?

• A)0, 1, 2, 3, 4, .....
• B)0, 1, 2, 3, 4, 5, 6
• C)1, 2, 3, 4, .....
• D)1, 2, 3, 4, 5, 6

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Definitions:

Voluntary Disclosure

The practice of a firm releasing non-required information willingly to its stakeholders, aiming to increase transparency and reduce information asymmetry.

Income Smoothing

The use of accounting techniques to level out net income fluctuations from one period to the next, aiming for a more stable financial appearance.

Portfolio Management

The process of making investment decisions by allocating assets among securities, sectors, or industries to optimize returns.

Reported Earnings

The profits announced by a corporation, reflecting the financial performance over a specific period, usually a fiscal quarter or year.