Find the Expected Value E(x)for the Following Probability Distribution

question 18

Multiple Choice

Find the expected value E(x) for the following probability distribution.Round your answer to three decimal places. ​​

• A) ​9.061
• B) ​841.659
• C) ​6,740.410
• D) ​708,389.590
• E) ​82.100

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Definitions:

Production Budget

An estimate of the total cost of production, including direct labor, materials, and overhead expenses, for a specific period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, usually for managing liquidity.

Disbursements

Payments made by a business, often related to its operational expenses.

Financing

The process of providing funds for business activities, making purchases, or investing.