A) 131
B) 1

question 28

Multiple Choice

$$\begin{array}{l}\text { Give the variance of the following distribution? }\\\begin{array} { l | c c c c c } \boldsymbol { X } & 0 & 1 & 2 & 3 & 4 \\\hline \boldsymbol { P } ( \boldsymbol { X } ) & 0.20 & 0.35 & 0.10 & 0.25 & 0.10\end{array}\end{array}$$

• A) 1.31
• B) 1.83
• C) 1.25
• D) 1.71

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Definitions:

Utility Function

Represents the satisfaction or welfare an individual obtains from consuming goods and services, indicating preferences over various bundles of goods.

Nuts

Specifically, types of fruit composed of a hard shell and a seed, which are generally rich in nutrients.

Berries

Small, juicy fruits with a high seed content, often colorful and consumed as food; includes strawberries, blueberries, raspberries, and many others.

Utility Function

A mathematical representation of how different quantities of goods or services generate satisfaction or utility for a consumer.