The Random Variable X Represents the Number of Cars Per $$\begin{array} { c | c } \text { Cars } & \text { Households } \\\hline 0 & 125 \\1 & 428 \\2 & 256 \\3 & 108 \\4 & 83\end{array}$$

question 63

Multiple Choice

The random variable x represents the number of cars per household in a town of 1000 households. Find the probability of randomly selecting a household that has less than two cars. $$\begin{array} { c | c } \text { Cars } & \text { Households } \\\hline 0 & 125 \\1 & 428 \\2 & 256 \\3 & 108 \\4 & 83\end{array}$$

• A)0.553
• B)0.809
• C)0.428
• D)0.125

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net profit or loss.

Prepaid Insurance

Insurance costs paid upfront and recorded as assets until the benefit period expires, at which point they are expensed.

Accrued Fees

Expenses that have been incurred but not yet paid, representing services received or obligations taken on.

Financial Statements

Documents and records that provide an overview of a company’s financial condition, including balance sheets, income statements, and cash flow statements.