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

question 16

Multiple Choice

The random variable x represents the number of boys in a family of three children. Assuming that boys and girls are equally likely, find the mean and standard deviation for the random variable x.

• A)mean: 1.50; standard deviation: 0.87
• B)mean: 2.25; standard deviation: 0.87
• C)mean: 1.50; standard deviation: 0.76
• D)mean: 2.25; standard deviation: 0.76

Analyze the effect of tax-exempt income on gross income calculation.

Evaluate the tax benefits of exempt statuses on property assessments.

Understand the differences in tax liabilities under different filing statuses.

Assess the tax implications of various deductions and exemptions for taxpayers.

---

Definitions:

Development Occurs

A phrase that signifies the process of growth, change, or progress in any aspect of biological, psychological, or physical entities.

Erikson

Erik H. Erikson was a developmental psychologist known for his theory on the psychosocial stages of human development.

Initiative

The ability to assess and initiate things independently, often the power or opportunity to act or take charge before others do.

Erikson's Theory

A psychological theory proposed by Erik Erikson, which outlines eight stages of psychosocial development throughout the human lifespan, each characterized by a specific challenge or crisis.