If the Probability Distribution of X Is $\begin{array} { c c } \mathrm { X } & \mathrm { P } ( \mathrm { X } ) \\3 & 1 / 8 \\4 & 1 / 8 \\5 & 3 / 8 \\6 & 3 / 8\end{array}$

question 121

Multiple Choice

If the probability distribution of X is $\begin{array} { c c } \mathrm { X } & \mathrm { P } ( \mathrm { X } ) \\3 & 1 / 8 \\4 & 1 / 8 \\5 & 3 / 8 \\6 & 3 / 8\end{array}$
What is the expected value of X?

• A)1.0
• B)5.0
• C)2.25
• D)2.24

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Definitions:

Income Inequality

Refers to the uneven distribution of income and wealth across the population, leading to disparities between individuals or groups.

Income Taxes

Taxes levied by governments on the income earned by individuals and entities, typically progressive in nature, meaning the rate increases with the income level.

Education and Training

The process of acquiring knowledge, skills, and competencies through teaching, study, or experience.