Find the Mean of the Given Probability Distribution

question 44

Multiple Choice

Find the mean of the given probability distribution.
-A police department reports that the probabilities that 0, 1, 2, and 3 burglaries will be reported in a given day are 0.50, 0.38, 0.11, and 0.01, respectively.

• A)0.63
• B)0.25
• C)1.50
• D)1.13

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Definitions:

Capital Structure

The mix of debt and equity financing used by a company to fund its operations and growth.

Return on Equity Ratio

A financial ratio that measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.

Financial Statements

Formal records of the financial activities and condition of a business, entity, or individual, including balance sheet, income statement, and cash flow statement.

ROA

Return on Assets, a financial ratio that indicates how profitable a company is relative to its total assets, measuring how efficient management is in using assets to generate earnings.