What Is the Probability That the Random Variable Has a Value

question 106

Multiple Choice

What is the probability that the random variable has a value greater than 5?

• A) 0.500
• B) 0.250
• C) 0.325
• D) 0.375

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Definitions:

Substitutes

Products or services that can substitute for one another, with a price hike in one resulting in a heightened demand for the alternative.

Complements

Goods or services that are used together, where the demand for one increases the demand for the other.

ATMs

Automated Teller Machines, electronic banking outlets that allow customers to complete transactions without the need for a human clerk or bank teller.

Banking Industry

The sector of the economy made up of banks and financial institutions that provide services like accepting deposits, lending money, and other financial activities.