Number of Horses the Random Variable X Represents the Number

question 66

Essay

Number of Horses The random variable X represents the number of horses per family in a rural area in Iowa, with the probability distribution: p ( x )= 0.05 x , x = 2, 3, 4, 5, or 6. {Number of Horses Narrative} Express the probability distribution in tabular form.

---

Definitions:

American Put Option

A type of option that allows the holder to sell an asset at a specified price at any time before the expiration date.

Call Option

An agreement in finance that grants the purchaser the option, without the mandate, to acquire a security, bond, commodity, or different asset at a pre-determined price during a defined timeframe.

Variance

The average squared deviation between the actual return and the average return.