Find the Mean of the Random Variable A) $0.17$ B) $3.50$ C) $3.88$

question 48

Multiple Choice

Find the mean of the random variable.
-The random variable X is the number that shows up when a loaded die is rolled. Its probability distribution is given in the table. Round the answer to two decimal places. $\begin{array}{c|cccccc}\mathrm{X} & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \mathrm{P}(\mathrm{X}=\mathrm{x}) & 0.16 & 0.11 & 0.13 & 0.13 & 0.10 & 0.37\end{array}$

• A)\(0.17\)
• B) \(3.50\)
• C) \(3.88\)
• D) \(4.01\)

Recognize the role and impact of the Federal Reserve's actions on banks' reserves and the broader financial market.

Describe the concept of asymmetric information in financial markets and its consequences for lending.

Understand the significance of diversification in banking and the consequences of not diversifying.

Explain the operation of the federal funds market and the impact of interbank lending on the financial system.

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