Solve the Problem $$\begin{array} { c | c } x & P ( x ) \\\hline 0 & 0.05 \\\hline 2 & 0.17 \\\hline 4 & 0.43 \\\hline 6 & 0.35\end{array}$$

question 11

Multiple Choice

Solve the problem.
-Find the variance for the given probability distribution. $$\begin{array} { c | c } x & P ( x ) \\\hline 0 & 0.05 \\\hline 2 & 0.17 \\\hline 4 & 0.43 \\\hline 6 & 0.35\end{array}$$

• A)1.56
• B)2.44
• C)2.85
• D)1.69

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Definitions:

Cost of Goods Sold

Costs directly related to creating products that a company offers for sale.

Net Income

The amount of earnings left over after all expenses have been deducted from revenue, indicating the financial profitability of a business.

Gross Profit Method

A technique to estimate the inventory's value by deducting the cost of goods sold from the total sales revenue.