Let X Represent the Number of Children in a Canadian

question 56

Multiple Choice

Let X represent the number of children in a Canadian household. The probability distribution of X is as follows: What is the probability that a randomly selected Canadian household will have more than 3 children? What is the expected number of children in a Canadian household?

• A) 0.7311, 2
• B) 0.3711, 3.2
• C) 0.16, 2.25
• D) 0.16, 3.2

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Definitions:

Seasonal Changes

Variations in business or economic activity that occur within specific seasons or periods of the year, often predictable and recurring.

Working Capital Management

The management of a company's short-term assets and liabilities to ensure it has adequate funds to continue its operations and avoid financial distress.

Current Assets

Current assets are assets that a company expects to convert into cash, sell, or consume within one year or within its operating cycle, whichever is longer.

Current Liabilities

Financial obligations of a business that are due and payable within a year.