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Number of Motorcycles
The probability distribution of a discrete random variable X is shown below,where X represents the number of motorcycles owned by a family.
-{Number of Motorcycles Narrative} Apply the laws of expected value and variance to find the following:
a.V(3X)
b.V(3X − 2)
c.V(3)
d.V(3X)− 2
Less Cost
Refers to a reduction in expenses or costs incurred by an organization or individual.
Direct Pay
Wages or salaries that employees receive directly from their employer as compensation for their labor.
Employment Insurance
A government program that provides financial assistance to unemployed workers who meet certain eligibility criteria.
Monetary Problems
Issues related to financial matters, such as budget constraints, inflation, or financial crises affecting organizations or individuals.
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