Find the Mean of the Given Probability Distribution A) 145
B)1

question 39

Multiple Choice

Find the mean of the given probability distribution.
- $$\begin{array}{l}\begin{array} { c | c } \mathrm { x } & \mathrm { P } ( \mathrm { x } ) \\\hline 0 & 0.19 \\1 & 0.37 \\2 & 0.16 \\3 & 0.26 \\4 & 0.02\end{array}\\\end{array}$$

• A) 1.45
• B)1.64
• C)1.55
• D)1.74

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Definitions:

Total Product

Total product refers to the total quantity of output that a firm produces over a given period, typically in relation to varying levels of input.

Marginal Product

The additional output resulting from the use of one more unit of a production factor.

Unit Of Labor

A measurement of work or effort by labor forces, often referred to in terms of hours worked or the number of workers.

Total Product Curve

A graphical representation in economics that shows the total quantity of output produced by a firm for varying quantities of a single input.