As the Owner of a Bluetooth Specialties Store, Alicia Fountainbleau

question 221

Multiple Choice

As the owner of a Bluetooth specialties store, Alicia Fountainbleau has an income of $72,000. She pays $30,000 per year in taxes and another $22,000 per year in grocery bills, house mortgage, and car payment. Last year she spent an additional $4,000 on a two-week vacation at a Club Med in Rio de Janeiro. What was Alicia's discretionary income last year?

• A) $20,000.
• B) $4,000.
• C) $42,000.
• D) $26,000.
• E) $50,000.

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Definitions:

Poisson Random Variable

A variable that represents the number of events occurring in a fixed interval of time or space, under conditions of a constant mean rate and independence.

Discrete Random Variable

A variable that can take on a countable number of distinct values, often used to model scenarios where outcomes are distinct.

Discrete Random Variable

A variable that can take on a countable number of distinct and separate values, often used in probability and statistics.

Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.