THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 2

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The following table displays the joint probability distribution of two discrete random variables X and Y.
-Determine the marginal probability distribution for X.

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Definitions:

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit, expected to be collected in cash.

Notes Receivable

Financial assets representing amounts owed to the holder by the issuer that are supported by formal agreements or promissory notes.

Other Receivable

Amounts owed to a company by entities other than customers, such as tax refunds, advances to employees, or other companies.

Employee Advance

A prepayment to employees by a company, often covering travel expenses or payment before the regular payroll date.