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You have arranged to go camping for two days in March.You believe that the probability that it will rain on the first day is 0.5.If it rains on the first day,the probability that it also rains on the second day is 0.7.If it doesn't rain on the first day,the probability that it rains on the second day is 0.2.Let the random variable X be the number of rainy days during your camping trip.Find the expected value of X.
Rights Offering
A method by which a company offers new shares to its existing shareholders in proportion to their current shareholding, typically at a discount to the current market price.
Market Price
Market price is the current price at which a security or commodity can be bought or sold in a public market.
Security
A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
Direct Private Long-term Debt Financing
A funding method where businesses borrow money directly from private investors, bypassing traditional bank loans, usually for a period longer than one year.
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