Fill in the Missing Value So That the Following Table $\begin{array}{c|cccl}x & -4 & -3 & -2 & -1 \\\hline P(x) & 0.42 & 0.08 & ? & 0.05\end{array}$

question 85

Multiple Choice

Fill in the missing value so that the following table represents a probability distribution.
$\begin{array}{c|cccl}x & -4 & -3 & -2 & -1 \\\hline P(x) & 0.42 & 0.08 & ? & 0.05\end{array}$

• A) 0.26
• B) 0.45
• C) 0.33
• D) 0.25

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Definitions:

Allowance Account

An account used to reduce the carrying amount of accounts receivable or loans to their net realizable value, reflecting expected losses due to uncollectibility.

Aging

A method used to categorize accounts receivable based on the length of time an invoice has been outstanding.

Accounts Receivable

Unpaid customer debts to a company for goods or services that have been supplied.

Bad Debts Expense

An expense reported on the income statement reflecting the cost of estimated uncollectible accounts receivable.