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A Market Research Team Compiled the Following Discrete Probability Distribution

question 75

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A market research team compiled the following discrete probability distribution.In this distribution x represents the number of automobiles owned by a family. A market research team compiled the following discrete probability distribution.In this distribution x represents the number of automobiles owned by a family.   The mean (average) value of x is ___. A) 1.0 B) 1.5 C) 2.0 D) 2.5 E) 3.0 The mean (average) value of x is ___.


Definitions:

Net Income

The net income of a company, which is the amount left over from revenue after deducting all costs and taxes.

Service Revenues

Income earned from providing services as opposed to selling physical goods.

Dividends

Payments made by a corporation to its shareholder members, distributing earnings.

Common Shares

Shares in a company that signify ownership, allowing those who hold them to participate in voting and receive a part of the profits.

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