In a Pizza Takeout Restaurant, the Following Probability Distribution Was $$\begin{array} { c | c } x & \mathrm { P } ( x ) \\\hline 0 & .30 \\1 & .40 \\2 & .20 \\3 & .06 \\4 & .04\end{array}$$

question 5

Multiple Choice

In a pizza takeout restaurant, the following probability distribution was obtained for the number of toppings ordered on a large pizza. Find the mean and standard deviation for the random
Variable. $$\begin{array} { c | c } x & \mathrm { P } ( x ) \\\hline 0 & .30 \\1 & .40 \\2 & .20 \\3 & .06 \\4 & .04\end{array}$$

• A)mean: 1.30; standard deviation: 2.38
• B)mean: 1.30; standard deviation: 1.54
• C)mean: 1.14; standard deviation: 1.04
• D)mean: 1.54; standard deviation: 1.30

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Definitions:

Classified Balance Sheet

A detailed financial statement that separates assets and liabilities into current and long-term categories, providing a clearer picture of a company's financial position.

Effective Interest Rate

The realized return on a bond or loan, taking into account the effect of compounding interest as opposed to the nominal rate.

Amortization

The process of spreading out a loan or intangible asset cost over its useful life, thereby reducing it on the balance sheet over time.

Journal Entry

A recording of a transaction or adjustment in the accounting ledger that includes the accounts and amounts to be debited and credited.