The Discrete Random Variable X Is the Number of Students

question 67

Multiple Choice

The discrete random variable X is the number of students that show up for Professor Smith's office hours on Monday afternoons.The table below shows the probability distribution for X.What is the probability that at least 1 student comes to office hours on any given Monday?

• A)0.30
• B)0.40
• C)0.50
• D)0.60

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Definitions:

Volume Discounts

Price reductions offered to buyers purchasing in large quantities, used as an incentive to increase sales volume.

Transportation Costs

Expenses associated with the movement of goods or individuals from one location to another, including factors like fuel, labor, and maintenance.

Returns to Scale

The rate at which output increases as inputs are increased proportionally in the production process.

Scale of Production

The level at which a production process is operating, ranging from small to large scale based on output volume and capacity.