Find the Mean of the Given Probability Distribution A)360
B)3

question 21

Multiple Choice

Find the mean of the given probability distribution.
-The random variable x is the number of houses sold by a realtor in a single month at the Sendsom's Real Estate office. Its probability distribution is as follows. $$\begin{array} { r | r } \text { Houses Sold } ( \mathrm { x } ) & \text { Probability P(x) } \\\hline 0 & 0.24 \\1 & 0.01 \\2 & 0.12 \\3 & 0.16 \\4 & 0.01 \\5 & 0.14 \\6 & 0.11 \\7 & 0.21\end{array}$$

• A)3.60
• B)3.40
• C)3.50
• D)3.35

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Definitions:

Construction

The process of building or assembling infrastructure, buildings, or other substantial physical structures.

Overhaul

A comprehensive process of inspection and repair to ensure an equipment or system operates efficiently.

Double-declining-balance Method

A method of depreciation that accelerates the depreciation of an asset by applying a fixed rate to its declining book value.

Straight-line Method

A depreciation method that allocates the cost of an asset evenly over its useful life, resulting in a constant annual depreciation expense.