Use Random-Variable Notation to Represent the Event $\{ 3 < Y < 5 \}$

question 43

Multiple Choice

Use random-variable notation to represent the event.
-Suppose that two balanced dice are rolled. Let Y denote the sum of the two numbers. Use random-variable notation to represent the event that the sum of the two numbers is at least 3 but
Less than 5.

• A) \(\{ 3 < Y < 5 \}\)
• B) \(\{ 3 \leq X + Y < 5 \}\)
• C) \(\{ 3 \leq \mathrm { Y } < 5 \}\)
• D) \(( 1,2 ) , ( 2,1 ) , ( 1,3 ) , ( 3,1 ) , ( 2,2 )\)

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Debt Costs

The total expenses associated with borrowing money, including interest payments and fees.

Financial Risk

The possibility of losing money on an investment or business venture, including the risk of not receiving anticipated returns.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to be reinvested in its core business or to pay debt.

Source of Capital

Various origins from which businesses or individuals can obtain funds, including equity, debt, and internal generation.