Find the Mean of the Given Probability Distribution A)110
B)2

question 27

Multiple Choice

Find the mean of the given probability distribution.
-In a certain town, 30% of adults have a college degree. The accompanying table describes the probability distribution for the number of adults (among 4 randomly selected adults) who have a college degree. $$\begin{array} { c | r } \mathrm { x } & \mathrm { P } ( \mathrm { x } ) \\\hline 0 & 0.2401 \\1 & 0.4116 \\2 & 0.2646 \\3 & 0.0756 \\4 & 0.0081\end{array}$$

• A)1.10
• B)2.00
• C)1.44
• D)1.20

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Definitions:

Intermediate Goods

Goods that are used in the production process of other goods and are not sold directly to end consumers.

Gross Domestic Product

A measure of the economic production of a country within a given time period, calculated by adding the value of all goods and services produced within that country.

Charlie Chaplin

A British comedian, filmmaker, and composer who became one of the most iconic figures in the silent film era with his on-screen character, "The Tramp."

Consumption Spending

Expenditures by households on goods and services, excluding new housing.