The Discrete Random Variable X Is the Number of Passengers

question 34

Multiple Choice

The discrete random variable X is the number of passengers waiting at a bus stop.The table below shows the probability distribution for X.What is the expected value E(X) for this distribution?

• A)1.1
• B)1.3
• C)1.7
• D)1.9

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Definitions:

Treasury Stock

Shares that were issued and subsequently repurchased by the issuing company, reducing the amount of outstanding stock on the open market.

Repurchased

This term refers to the buying back of a company's own shares from the marketplace, which can reduce the amount of outstanding stock on the open market.

Corporation

A legal entity that is separate from its owners, providing them with limited liability protection, and has the ability to own assets, incur liabilities, and sell stock.

Repurchased

Refers to the act of a company buying back its own shares from the marketplace, which can affect the company's stock price and earnings per share.