A Market Research Team Compiled the Following Discrete Probability Distribution

question 86

Multiple Choice

A market research team compiled the following discrete probability distribution on the number of sodas the average adult drinks each day. In this distribution,x represents the number of sodas which an adult drinks. The mean (average) value of x is _______________.

• A) 1.4
• B) 1.75
• C) 2.10
• D) 2.55
• E) 3.02

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Definitions:

Maturity Date

The specified date on which the final payment of a loan or financial instrument, such as a bond, is due and payable.

Notes Payable

Written promises to pay specified sums of money at future dates, categorized as liabilities.

Annual Interest

The amount of interest due over the course of a year on a loan or financial investment.

Merchandise

Goods bought and sold in business operations, often referred to as stock or inventory.