The Following Table Defines a Discrete Probability Distribution

question 17

Multiple Choice

The following table defines a discrete probability distribution. Find the expected value of the distribution. ​
​

• A) E(x)=
• B) E(x)=
• C) E(x)=
• D) E(x)=10
• E) E(x)=1

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Definitions:

Net Purchases

The total amount of purchases made by a business after subtracting returns, allowances, and discounts.

Net Purchases

Net Purchases refers to the total amount of purchases made by a company after subtracting any returns, allowances, and discounts received.

Ending Inventory

is the total value of goods available for sale at the end of an accounting period after accounting for all additions and subtractions during the period.

Operating Expenses

Expenses incurred during the normal functioning of a business, excluding the cost of goods sold; these can include salaries, rent, utilities, and marketing expenses.