The Riders of the New Town Elementary School Bus Consists $\frac { a } { b }$

question 40

Short Answer

The riders of the New Town Elementary school bus consists of 5 five year olds, 3 six year olds, 10 eight year olds, 1 nine year old, 4 eleven year olds and a twelve year old. A child is selected at random and her age is noted. Let X be the outcome. Find E(X). Enter just a reduced fraction of form $\frac { a } { b }$ (no label).

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Definitions:

Financial Statement Components

The main elements of financial statements, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Residual Value

The expected value of an asset at the end of its useful life, typically used in the context of leasing or depreciation.

Useful Life

The estimated period over which an asset is expected to be usable by the organization.

Residual Value

The estimated salvage value of an asset at the end of its useful life, used in calculating depreciation expense.