The Following Probability Distribution Has Been Assessed for the Number

question 21

Multiple Choice

The following probability distribution has been assessed for the number of accidents that occur in a Midwestern city each day: Based on this distribution,the expected number of accidents in a given day is:

• A)0.30
• B)1.65
• C)2.00
• D)2.50

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Definitions:

Margin

Net operating income divided by sales.

Average Operating Assets

The average value of assets used during a specific period in the day-to-day operations of a business.

Net Operating Income

An entity's income from operations, calculated by subtracting operating expenses from revenues generated from normal business operations, excluding non-operating income and expenses.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the business assets.