Gym Visits Let X Represent the Number of Times a Student

question 47

Short Answer

Gym Visits
Let X represent the number of times a student visits a gym in a one month period.Assume that the probability distribution of X is as follows: ​ ​
-{Gym Visits Narrative} What is the probability that the student visits the gym at most twice in a month?

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Definitions:

Financial Asset

An asset that derives value from a contractual claim, such as cash, ownership interest in an enterprise, a bond, stock, or right to receive cash from a contract.

Accounts Receivable

Money owed by customers to a company for goods or services that have been delivered or used but not yet paid for.

Forward Exchange Contracts

Financial derivatives that lock in an exchange rate today for the purchase or sale of a currency on a future date.

Financial Instruments

Deals that create a financial asset for one entity and simultaneously generate either a financial liability or an equity instrument for another entity.