If X Is a Discrete Uniform Random Variable Ranging from One

question 98

Multiple Choice

If X is a discrete uniform random variable ranging from one to eight, find P(X < 6) .

• A).6250
• B).5000
• C).7500
• D).3750

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Definitions:

Uncertainty

A condition characterized by a lack of comprehensive information, making it unfeasible to precisely portray the current situation, predict future events, or identify multiple potential results.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a relevant resource or factor of production.

Rental Cost

The expense incurred from hiring or leasing a property or equipment.

Retains Earnings

Profits that a company keeps after dividends have been paid out to shareholders, often re-invested into the business for growth, paying off debt, or other purposes.