A Market Research Team Compiled the Following Discrete Probability Distribution

question 71

Multiple Choice

A market research team compiled the following discrete probability distribution for families residing in Randolph County.In this distribution x represents the number of evenings the family dines outside their home during a week. The mean (average) value of x is ___.

• A)1.0
• B)1.5
• C)2.0
• D)2.5
• E)3.0

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Definitions:

Supplies

Raw materials or tools necessary for the manufacturing or provision of services.

Services Rendered

Refers to the performance of services or completion of tasks by a company or individual in exchange for payment.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, consisting of debits and credits.

Clients Paid

Funds that have been transferred from clients to a company in exchange for services or products.