Use the Following to Answer the Question(s) Below

question 27

Multiple Choice

Use the following to answer the question(s) below.
A men's clothing store has determined the following probability distribution for the number of special size orders placed per month. The distribution is as follows:
Number Ordered Probability
0 0.10
5 0.10
10 0.12
15 0.30
20 0.38
-The number of special size orders this men's clothing store can expect per month is

• A) 13.8.
• B) 20.
• C) 15.
• D) 14.2.
• E) 12.5.

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Definitions:

Term Deposit

A bank deposit that has a fixed term and typically offers a higher interest rate, with the condition that the funds cannot be accessed until the term ends.

Interest Rate

The interest rate that a borrower must pay to a lender in exchange for using borrowed funds.

Accrued Interest

Interest that's been accrued but is still pending payment or receipt.

Deposit

A sum of money placed in an account or with a third party as security or for future payment.