The Random Variable X Represents the Number of Boys in a Family

question 43

Essay

The random variable x represents the number of boys in a family of three children. Assuming that boys and
girls are equally likely, (a)construct a probability distribution, and (b)graph the distribution.

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Definitions:

Expense Accounts

Accounts used to record all expenditures incurred by a business during an accounting period, excluding costs of goods sold.

Debits

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in an expense on the income statement.

Debt Ratio

A financial ratio that compares the amount of debt a company has to its total assets.

Risk

The potential for loss or the chance that an investment's actual return will differ from the expected outcome.